List the five important V’s of Big Data.

The five important V’s of Big Data are:

1. Value – It refers to changing data into value, which allows businesses to generate revenue.
2. Velocity – Any data growing at an increasing rate is known as its variety. Social media is an important factor contributing to the growth of data.
3. Variety – Data can be of different types such as texts, audios, videos, etc. which are known as variety.
4. Volume – It refers to the amount of any data that is growing at an exponential rate.
5. Veracity – It refers to the uncertainty found in the availability of data. It mainly arises due to the high demand for data which results in inconsistency and incompleteness.