I was recently taken with one organization’s description of how they view their business—through the 5 Vs:
Volume: The business unit of this large financial services firm dealt in billions of transactions.
Velocity: Due to the nature of the transactions, 70 percent of them are required to be processed on the same day.
Variation: They offered over 150 products and solutions. Even their “straight through” processing applications had over 70,000 variations....