1) Big data is being generated from many sources like web data, e-commerce purchases, banking transactions, social networks, science experiments, and more. The volume of data is huge and growing exponentially.
2) Big data is characterized by its volume, velocity, variety, and value. It requires new technologies and techniques for capture, storage, analysis, and visualization.
3) Analyzing big data can provide valuable insights but also poses challenges related to cost, integration of diverse data types, and shortage of data science experts. New platforms and tools are being developed to make big data more accessible and useful.