I have spent the past couple of months writing blog posts about big data in different industries. I have learned a lot about big data and how companies are using it to their advantage when making business decisions. In this blog post I thought I would share some interesting facts that I have come across.
Fact Number One:
“The data volumes are exploding, more data has been created in the past two years than in the entire previous history of the human race.” Honestly that is crazy to me. You think about all the information that companies have access to today about us that a couple of years ago they never had. Imagine how much will be collected in the future.
Fact Number Two:
“Data is growing faster than ever before and by the year 2020, about 1.7 megabytes will be created every second for every human being on the planet.” Like WHAT? If they are going to be creating that much data every single second they better start working now on making sure that they have great security because otherwise a lot of people are going to be worrying.
Fact Number Three:
“Bad data costs US businesses alone $600 billion annually.” That is a lot of money for companies to spend a year on information that is wrong. Even though companies can really benefit from big data, they can also lose a lot of money when it isn’t analyzed correctly or is used incorrectly. No industry, company, or organization is immune to it.
I could go on and on with facts about big data, but these were the three that i came across that really were interesting to me. It is crazy how far data has come and it has such great opportunities to be used in the future. The question isn’t is data here for good, the question really is are people ready for what is to come with data in the future? Honestly I think that people like their privacy and as data continues to get collected, privacy goes out the window.
https://www.forbes.com/sites/bernardmarr/2015/09/30/big-data-20-mind-boggling-facts-everyone-must-read/#12a8203317b1
Great facts, thanks for sharing!
ReplyDeleteWhoa re: bad data costing $600 billion annually. Just goes to show, there's value in being academically skeptical and critical of any data collected. Another reason a bit more research and technical proficiencies are invaluable in this profession.
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