Which term refers to the massive amounts of data generated and stored by organizations?

The term that refers to the massive amounts of data generated and stored by organizations is volume. In the context of big data, volume signifies the sheer size and scale of data that organizations deal with, which can range from terabytes to petabytes and beyond. This aspect of data is crucial for understanding the challenges and requirements associated with storage, processing, and analysis, as greater volumes require more sophisticated infrastructure and techniques.

The other terms listed relate to different characteristics of data. Velocity refers to the speed at which data is generated and processed, variety refers to the different types of data (structured, unstructured, semi-structured) that organizations manage, and veracity pertains to the accuracy and trustworthiness of data. While all of these dimensions are important in the context of data management, volume specifically captures the concept of large-scale data generation and storage.