What are the 'Big Data' Risks in Technology?

Big Data provides a huge opportunity for firms to gain greater insights, either over their competitors, their customers or their business operations. When we consider Big Data, we do not necessarily just mean data that is large in volume, we also mean data that consists of varying sources, and that is being produced at a rapid rate. These are commonly classified as the three ‘Vs’ of Big Data: volume, variety and velocity.

So what does this mean for businesses?

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