This document discusses big data and its characteristics. It provides examples of how companies like Walmart and Facebook handle large amounts of data. It defines big data and describes the types of data: structured, unstructured, and semi-structured. The key characteristics of big data are identified as volume, variety, velocity, and variability. The document concludes that with billions more people gaining internet access, the amount of data will continue growing exponentially and we have only begun to see the potential of big data.