Phases of the Big Data life cycle

The effective use of Big Data with exponential growth in data types and data volumes has the potential to transform economies useful business and marketing information and customer surplus. Big Data has become a key success mantra for current competitive markets for existing companies, and a game changer for new companies in the competition. This all can be proven true if VALUE FROM DATA is leveraged. Let's look at the following figure:

As this figure explains, the Big Data life cycle can be divided into four stages. Let's study them in detail.