Unravel the complexities of big data through the lens of the 5 V's: Volume, Velocity, Variety, Veracity, and Value. These pillars provide a comprehensive framework to understand and harness the power of big data in today's digital landscape.
Big data has 3 distinct dimensions: volume, velocity, variety
Big data first and foremost has to be “big,” and size in this case is measured as volume
- When combined with greater use of precision medicine, there will be a big data explosion in health care, especially as genomic and environmental data become more ubiquitous
Variability
The way care is provided to any given patient depends on all kinds of factors
- There is no “cookie cutter” way to provide high-quality patient care, and every clinician and healthcare system is different
- Big data must have value
- If you’re going to invest in the infrastructure required to collect and interpret data on a system-wide scale, it’s important to ensure that the insights generated are based on accurate data
Velocity
The rapidly increasing speed at which new data is being created by technological advances and the corresponding need for that data to be digested and analyzed in near real-time
- As more and more medical devices are designed to monitor patients and collect data, there is a great demand to be able to analyze that data and then transmit it back to clinicians
Variety
With increasing volume and velocity, comes increasing variety.
- The challenge for healthcare systems when it comes to data variety is standardizing and distributing all of the information so that everyone involved is on the same page
- Increasing adoption of population health and big data analytics, we are seeing greater variety of data by combining traditional clinical and administrative data with unstructured notes, socioeconomic data, and even social media data
