Monthly Archives: October 2023

Big data: What are they?

Big data refers to datasets that are too large or complex to be dealt with via conventional data processing software. These systems handle large volumes as well as a variety of information very quickly.

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The sharing economy: A definition

The sharing economy can be described as various socio-economic systems that enable consumers to participate in the production, distribution and consumption of goods and/or services. Individuals and organizations including for-profit enterprises, social enterprises, cooperatives, local communities and non-governmental entities that are utilizing the sharing economy may usually rely on the Internet technologies, particularly on the digital platforms like social media networks, to facilitate the distribution, sharing and reuse of (excess capacity) products or services.

Technology firms like AirBnB and Uber, among others, facilitate the trading activities between service providers and the customers, as they provide them with their electronic and mobile platforms to make their transactions.

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