Big Data Challenges - Definition, Characteristics and Technologies

Stanimira Yordanova () and Kamelia Stefanova ()
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Stanimira Yordanova: University of National and World Economy, Sofia, Bulgaria
Kamelia Stefanova: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2019, issue 1, 13-31

Abstract: Volume, complexity, variety and velocity of generated data today reach incredible levels and data cannot be collected, selected, processed or managed through widely used and applied software tools. The need to extract meaningful information from big data evokes the development of new approaches and technologies for storing, processing and analyzing big data coming from different sources. This paper aims to present the definition, characteristics and technologies for storing and managing big data that require a new approach to understanding data and information.

Keywords: Big Data; Data Lake; Hadoop (search for similar items in EconPapers)
JEL-codes: C88 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2019:i:1:p:13-31

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