The five V’s of Big data is as follows:

☛ Volume – Volume represents the volume i.e. amount of data that is growing at a high rate i.e. data volume in Petabytes

☛ Velocity – Velocity is the rate at which data grows. Social media contributes a major role in the velocity of growing data.

☛ Variety – Variety refers to the different data types i.e. various data formats like text, audios, videos, etc.

☛ Veracity – Veracity refers to the uncertainty of available data. Veracity arises due to the high volume of data that brings incompleteness and inconsistency.

☛ Value –Value refers to turning data into value. By turning accessed big data into values, businesses may generate revenue.