Which statement about Big Data is wrong?

Big data is high$-$volume, and high$-$velocity and$/$or high$-$variety information assets that demand cos effective, innovative forms of information processing that enable enhanced insight, decision makir and process automation.

Big data refers to data thpt is so large, fast or complex that it's difficult or impossible to process us traditional methods.

Big data is a combination of structured, semi structured 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.

Big data needs big locations to store and big time to process traditionally with the help of big hun resources of corporates.

Big Data refers to humongous volumes of data that cannot be processed effectively with the tradi applications that exist.