Figure 1 IBM’s characterization of big data. One of the biggest challenges of IoT is that the information generated by devices is transmitted, shared and received at a rate that is equal to the speed of light through optical fiber and wireless networks. Information generation and collection rates are rapidly exceeding the boundary range. The massive amount of data generated by devices, known as Big Data, has complexity and exponential arrival and growth rates, which makes it difficult to capture, manage, process, plan, visualize and analyze them by conventional techniques and within a certain time frame. Doug Laney, an expert from META (currently Gartner), an American research and advisory firm, has defined the 3Vs model to describe Big Data and the trials and prospects associated with it. The 3Vs model represents volume, velocity, and variety. Although this model was not originally intended to define Big Data, Gartner and many other enterprises, including IBM and some research departments of Microsoft, still use the 3Vs model to describe Big Data.