Batch data processing is an efficient way of processing high volumes of data is where a group of transactions is collected over a period of time. Data is collected, entered, processed and then the batch results are produced (Hadoop is focused on batch data processing). Batch processing requires separate programs for input, process and output. [Source: Data Science Central]

A multi-cloud governance service that provides cost monitoring, accounting, optimization, and security monitoring capabilities for CloudBank.

Big data is a combination of structured, semistructured and unstructured data collected by organizations that can be mined for information and used in machine learning projects, predictive modeling and other advanced analytics applications. [Source: TechTarget]. Big data analytics is the often complex process of examining large and varied data sets, or big data, to uncover information -- such as hidden patterns, unknown correlations, market trends and customer preferences -- that can help organizations make informed business decisions.[Source: TechTarget]

A Billing Account is a method of tracking spend within a specific public cloud. It is linked to a single fund with one or more users. Use more than one Billing Account per cloud only when you need to track spend separately. You may create a new Billing Account on a different public cloud at anytime. Note that users cannot see/manage services between different Billing Accounts without special roles being added so only create Billing Accounts when no sharing is needed or if you are an advanced user.

Block storage is an approach to data storage in which each storage volume acts as an individual hard drive that is configured by the storage administrator. In the block storage model, data is saved to the storage media in fixed-sized chunks called blocks. Each block is associated with a unique address, and the address is the only metadata assigned to each block. [Source: TechTarget]