We are surrounded by data. Smartphones, laptops, researchers, scientists, robots, fitness trackers, social media, governments. All these things are collecting massive amounts of data. BIG data.
Big Data will only get more important in time. Let’s look at some facts about Big Data.
90% of the data in the world today has been created in the last two years. This data comes from everywhere: sensors used to gather shopper information, posts to social media sites, digital pictures and videos, purchase transaction, and cell phone GPS signals to name a few. (Source IBM)
By 2020, there will be around 40 trillion gigabytes of data (40 zettabytes). (Source: EMC)
97.2% of organizations are investing in big data and AI. (Source: New Vantage)
Using Big Data, Netflix saves $1 billion per year on customer retention. (Source: Inside Big Data)
What is big data and analytics market worth this year? $49 billion, says Wikibon. (Source: Wikibon)
Within five years there will be over 50 billion smart connected devices in the world, all developed to collect, analyze and share data. (Source: Forbes)
Job listings for data science and analytics will reach around 2.7 million by 2020. (Source: Forbes)