Big Data refers to very large data sets that are too large for traditional data management tools to handle efficiently. It involves data that is highly varied in type, includes structured and unstructured data, and is created at high volume and velocity. Analyzing big data requires scaling out to many commodity servers rather than scaling up on expensive proprietary hardware. It also requires open source software frameworks and platforms rather than traditional proprietary solutions. Big data analytics can analyze raw, unstructured data from many sources to derive insights, while traditional analytics are limited to structured data from known sources and require data to be aggregated into a stable data model first.