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The term big data refers to large amounts of data that cannot be evaluated through traditional data processing methods due to their size and complexity or their rapid changes. Instead, they are saved, processed and evaluated with special solutions with the aim of linking together very diverse data and to gain new insights. 

Term-Nr.: 124

German: Big Data (182)

Source: Fintech-Hub m. e. E., 29.05.2019

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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