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Are you ready for Big Data? 10 overwhelming facts everyone must read

Hurter

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Big data is essentially high volume, high speed, high variety data, which we now deal with on a daily basis; data so high in volume that it demands new forms of information processing.

‘Big data is being generated by everything around us at all times’ explains IBM. ‘Every digital process and social media exchange produces it. Systems, sensors and mobile devices transmit it. Big data is arriving from multiple sources at an alarming velocity, volume and variety.’

Read: For a better tomorrow: Education, technology key to transform economy: experts

According to Forbes, we are at the beginning of a revolution that will impact ‘every business and every life on the planet’.

However, many seem to be oblivious to the imminent data storm, but Big data can no longer be ignored. Following are ten facts to bring you up to date with the phenomenon that is Big data.

1. A full 90% of all the data in the world has been generated over the last two years alone

2. By the year 2020 about 1.7 megabytes of new information will be produced every second for every human being

3. On average,Facebook users send 31.25 million messages and view 2.77 million videos every minute

4. In 2015, 1 trillion photos will be taken and billions of them will be shared online. And by 2017, nearly 80% of all photos will be taken on smart phones

5. By 2020, we will have over 6.1 billion smartphone users globally; surpassing basic fixed line subscriptions

6. Big data has been used to predict crime by the LAPD

7. Nearly 100 hours of video are uploaded to YouTube every minute and it would take you around 15 years to watch every video uploaded by users in one day

8. In the United States, The White House has already invested more than $200 million in big data projects

9. Not surprisingly, the largest Big data company in the world is Google

10. And finally, click the link so you can see for yourself! Google Search Statistics - Internet Live Stats

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BelligerentPacifist

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The superficial tabloid article seems to say you should get interested in big data because they are big. Big data generate interest not because they're big nor because they're data, but because we're finally able to extract actionable information from them.
 

Rajkumar

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interestingly,

Lot of money can be made if you know how to process the big data. Data scientists are among one of highest earners in technical fields these days.
 

Urbanized Greyhound

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Big Data represents a section of the IT industry dubbed by many experts -- Analytics. Analytics involves tools and technologies like the R language , tools like HADOOP and other technologies. SAP which is an enterprise resource planning software is already a manifestation of how much work prospects and salaries an IT professional can get in this field. Again there are other technologies like SAS ( Statistical Analysis System) which is a software used in analytics. However although many graduates in various engineering disciplines( EC , CS, other branches) may be trained in this sort of software , the people who have a background in Statistics tend to hold an edge ( People with Bstat or Mstat degrees ).

From a corporate and IT business perspective , Analytics is a real money turner since any major business especially those pertaining to financial transactions involves executives making quick informed decisions and Analytics is exceptional in this regard as a bunch of technologies dedicated to providing real time Business Intelligence ( BI ) along with a host of other functionalities. Eg in a text mining process , Big Data can convert hours of computer based labor output into an output generated in a matter of minutes.

This is a very bright and lucrative field to get into for those who plan to join the IT industry in various capacities over the coming years.
 

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