Big data defined As far back as 2001, industry analyst Doug Laney (currently with Gartner) articulated the now mainstream definition of big data as the three Vs of big data: volume, velocity and variety1. Volume. Many factors contribute to the increase in data volume. Transaction-based data stored through the years. Unstructured data streaming in from social media. Increasing amounts of sensor and machine-to-machine data being collected. In the past, excessive data volume was a storage issue. But with decreasing storage costs, other issues emerge, including how to determine relevance within large data volumes and how to use analytics to create value from relevant data. Velocity. Data is streaming in at unprecedented speed and must be dealt with in a timely manner. RFID tags, sensors and smart metering are driving the need to deal with torrents of data in near-real time. Reacting quickly enough to deal with data velocity is a challenge for most organizations. Variety. Data today comes in all types of formats. Structured, numeric data in traditional databases. Information created from line-of-business applications. Unstructured text documents, email, video, audio, stock ticker data and financial transactions. Managing, merging and governing different varieties of data is something many organizations still grapple with.
June 13, 2013 morning, Indonesia Trade Counsellor Mr. Marolop met with Elephant Alliance CEO Ms. Chen Jingru, General Manager of the Investment Division Huang Chao-Huan to discuss cooperation matters. Dr. Huang first introduced Elephant Alliance’s organizational structure and business model, and the countries that Elephants Alliance is currently working with and the latest progresses. Counsellor Marolop was impressed by the brand new business model and commented that Elephants Alliance is a good concept and a good platform for international trading. Currently the world needs such a credible platform to help enterprises in the world. Counsellor Marolop also asked a lot of questions about the detail operations which were answered by Ms. Chen and Mr. Huang of Elephant Alliance. Counselor Marolop said that many Indonesia businessmen also hope to have more trades with China. There are 17,000 islands in Indonesia of which five are major islands to form six economic zones. Indonesia is the world's fourth most populous country with over 200 Million people. Indonesia is rich in mineral resources such as oil, natural gas, coal, diamond and agricultural resources including pepper, cotton, rubber, cocoa, coconut, spices, etc. Mr. Marolop said that the next step will be for him to give Elephant Alliance some specific information to prepare for the two sides to get into close cooperation. Indonesian Trade Counsellor Marolop (middle) with Elephant Alliance CEO Ms. Chen Jingru, General Manager of Investment Division Mr. Huang Chao-Huan. For details ， please click: http://www.dxlm.org
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