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Big Data and Big Cities: The Promises and Limitations of Improved Measures of Urban LifeEdward L. Glaeser Michael LucaScott Duke Kominers Nikhil NaikWorking Paper 16065Big Data and Big Cities: The

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Big data refers to the vast volumes of structured and unstructured data that are generated daily, which are too complex for traditional data processing applications. It is often characterized by the 5 V's: Volume, Velocity, Variety, Veracity, and Value.

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