Did you know?
“We’re uploading more than 55 million pictures, 340 million tweets and one billion documents daily – as per the latest web reports. This means in total we produce 2.5 quintillion bytes every day and that’s a hell lot of data.”
The world is increasingly becoming a digital space. Today we manage share and store our lives online. Data is being gathered from our devices like computers and smartphones that collect and transmit information on what we do. But, that is just the beginning.
Most things including our TVs, watches and soon even the diapers will be collecting and transmitting huge amount of data. In fact, if we gathered all the data from the beginning of time to the year 2000, it would be less than we now create in a minute. This phenomenon that is transforming our understanding of the world and our place in it is becoming known as the Big Data.
So, we constantly produce a lot of data. We’re uploading more than 55 million pictures, 340 million tweets and one billion documents daily. This means in total we produce 2.5 quintillion bytes every day and that’s a hell lot of data. But what's actually more important is, what you can do with it to process this big data. Actually, you don't need huge computers to process this data. People are working with the cloud, endless network of normal servers and powerful algorithms to analyze over a million pieces of data in minutes.
Big data could be invaluable for businesses too. It could provide a window into the lives of customers that we have never previously imagined of. However, there is a problem - how do we unravel the strands of big data and pick out the relevant parts? Data comes from so many sources so how do we know where to look? How do we access it? In short, how do we turn all this information into knowledge? Businesses are already using big data to better understand and predict customer behaviors to optimize and improve business processes. The possible applications of big data are totally endless. We’re only just beginning to see its emergence. Your business therefore needs to consider big data or just risk being left behind.
Whenever you click on a website or make a purchase, a piece of data gets generated. Big data right now is leveraging all the advances in computing in order to make sense of all that information. It’s all about how you take that data and turn it into an action, how you take that data and run a business better for your customers.
Big data has the ability to cater every single business industry in the world. We can measure so much more than we ever could that we’ve never been able to visualize. It offers a framework for understanding information to really know customers and other people so as to create the world of new intelligence.
Think about how cars that can drive completely accident-free all by itself. Think about how easier it would be to determine the perfect treatment for curing genetic diseases like cancer with the big data of DNA. Well, this is all just a start.