The document discusses the 5 V's of big data: Volume, Velocity, Variety, Veracity, and Value. Volume refers to the vast amounts of data generated every second from sources like social media and sensors. Velocity is the speed at which new data is created, such as credit card transactions. Variety means the different types of data including structured, unstructured, and semi-structured. Veracity addresses the uncertainty in data quality. Value ensures the large amounts of data can be analyzed and applied to business cases.