1. Define Big data extensively.

Big data is a term that defines the enormous amount of knowledge that is both
organized and unstructured, floods a business on a day-to-day basis. But it is not the
volume of data that is important. It is what businesses are doing with the data that counts.
Big data can be analyzed for insights that contribute to informed decisions and strategic
business moves.

2. List down its uses or its potential in the future.

• Big Data helps companies generate new growth opportunities and whole
new types of industries that can combine and analyze market data. These
companies have ample information on products and services, consumers
and suppliers, consumer expectations, that can be gathered and analyzed.
• You can get a better understanding of the existing business dynamics by
analyzing Big Data. For instance, by observing the buying habits of
consumers, a business may figure out the goods that are most sold and
manufacture products according to this pattern. It can get ahead of its rivals
through this.

Source from:

https://www.investopedia.com/terms/b/blockchain.asp