Lesson notes, exercises, downloads, and recommended reading are below the video. On mobile, the video will rescale when you play it.



What is BIG DATA? And introducing the 3 (or 5) V's



In this video, I want to answer the question, what is Big Data? Watching this video is worth 5 Management Courses CPD Points. This video is part of course module number 6.4 - Program 6: Managing within an Organization - Course 4: Strategy LESSON NOTES ============ Big data is three things in one. When we use the term ‘big data’ we could be talking about the: 1. scale of big data sets 2. discipline of capturing, storing, and analysing them, or 3. technology set that allows this The first of these is most often used, so here is my definition of Big Data: 'Big data means the immense data sets that we can analyse to reveal patterns, trends, and correlations, to help us make predictions and therefore decisions, about human behaviour and the systems we have created.' But there is another definition that deserves a special mention. Near the start of all this, analysis agency Gartner Group, gave this definition: 'Big data is data that contains greater variety arriving in increasing volumes and with ever-higher velocity.' With this definition, they coined the ‘three Vs’: 1. Variety 2. Volume 3. Velocity These are core to understanding what big data is. More recently, other organisations and analysts have added to them: 4. Veracity 5. Variability ...and more. All of them together create a vast complexity. DOWNLOADS =========== Free Resources - CPD Tools - https://gum.co/MC-CPD Paid resources - Management Courses Onboarding Kit - https://gum.co/MC-ObK ($3) Management Courses Continuing Professional Development (CPD) Points =========================================================== You can record your Management Courses CPD points on our free, downloadable CPD record log. Download it here: https://gum.co/MC-CPD ___ Note: Links to our book recommendations are affiliated through Amazon CHAPTER MARKERS 00:00 - What is BIG Data 00:11 - BIG Data is 3 things in 1 00:36 - BIG numbers 02:13 - Data: bits and bytes 03:18 - BIG numbers of Bytes 05:09 - BIG numbers in Human terms 08:43 - Do we need all this data? 09:38 - Definition of BIG Data 10:20 - The 3 Vs of BIG Data 11:00 - 5 Vs of BIG Data 11:14 - Variety 11:30 - Volume 12:02 - Velocity 12:20 - Variability 12:54 - Veracity 13:08 - The challenges of BIG Data 14:31 - Summing up #Management #ManagementCourses #BigData
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Account Management: What is Account-based Selling?

Account Management: What is Account-based Selling? A lot of business-to-business selling is strategic. It is not a one-off or tactical endeavor. It is likely that you will want to maintain and build your relationships over the months and years to come. Managing this ongoing relationship is called ‘Account Management’. The goal is to win sales

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What is Corporate Social Responsibility (CSR)?

What is Corporate Social Responsibility (CSR)? Corporate Social Responsibility (CSR)… What is it? What drives it? And what are the benefits? Watching this video is worth 2 Management Courses CPD Points*. 🔎 See below for details Corporate Social Responsibility (CSR) This video is part of course module 6.2 Program 6: Managing within Organizations Course 2:

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The Disney Creativity Strategy: The NLP Way to Test Ideas

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Cognitive Reappraisal: How to Control Negative Thoughts

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What is Advertising? And What are its Benefits?

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What is A/B Testing? …and Split Testing?

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What is Customer Relationship Management (CRM)? …And How to Use it.

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What is the Customer Journey? And How to Visualize it

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What is Diamond Feeback?

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What is the Marketing Channel Mix? Promotion Channel Strategy

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What is a Customer Persona? …or Buyer Persona or Marketing Persona

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What is a Brand Marketing Plan?

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What is a Brand Strategy?

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What is Brand Management?

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Cultural Web: Johnson & Scholes on Where Culture Originates

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The Agile Organization

The Agile Organization In a fast-moving competitive environment, where new technology can disrupt everything overnight, is Adhocracy nimble enough? Do we need an Agile Organization? Watching this video is worth 2 Management Courses CPD Points*. (See below for more details) The Nature of Organizations ======================= This video is part of course module number 6.1.2 Program

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Adhocracy Organizational Model

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Cog’s Ladder of Group Experiences – Team Development

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Mike Clayton

About Mike Clayton 

Dr Mike Clayton is a (former) Project Manager and now a management educator. Having trained thousands of people at live workshops, seminars, and conferences, he now delivers training mainly via video. He has 14 books with international publishers and runs two successful YouTube channels. He is also the founder of OnlinePMCourses.com

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