Take one major trend spanning the business and technology worlds, add countless vendors and consultants hoping to cash in, and what do you get? A whole lot of buzzwords with unclear definitions.
In the world of big data, the surrounding hype has spawned a brand-new lingo. Need a little clarity? Read on for a glossary of sorts highlighting some of the main data types you should understand.
1. Fast data
The shining star in this constellation of terms is “fast data,” which is popping up with increasing frequency. It refers to “data whose utility is going to decline over time,” said Tony Baer, a principal analyst at Ovum who says he coined the term back in 2012.