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Big data is a term used to describe any type of data from any number of sources, including structured, semi-structured and unstructured data. It is collected and managed so it can be mined for information and transformed into actionable insights. Big data analytics can benefit businesses by providing actionable insights that can be used to improve operations, increase efficiency, and gain a competitive edge. Examples of big data analytics in specific industries include utilities using big data to better track and manage electrical grids, and governments using big data to improve public services.
