It’s a ubiquitous buzzword, but “big data” is about to bring a wealth of opportunities to Switzerland thanks to investments in research. Efforts are also underway to control the risks.
A common definition of big data is based on “the four Vs”: volume, velocity, variety and value. In short, big data deals with extremely large amounts of digital information that are processed very rapidly, using many different sources and formats.
Author: Celia Luterbacher