Describe the Five Vs of Big Data

question 30

Essay

Describe the Five Vs of Big Data.

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Definitions:

Competitive Advantage

The unique attributes or capabilities a company has that enable it to outperform its competitors and generate greater value for its stakeholders.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit.

Clan Control

A management strategy that focuses on the role of shared norms, values, and beliefs in controlling behavior within organizations.

Market Control

The ability of a company to influence or regulate the market in its favor, often through dominating supply, prices, or competition.