Fake Digital Currency

Cognitive Systems And The Disappearance Of Dark Data

The Realities of Big Data

By now you will, at the very least, have heard about Big Data, and if your organization isn’t doing its best to reap the rewards of data collection, processing, and application, you’ll realize a prime resource is being left untapped. Big Data Basics explores how Big Data is changing businesses today, noting that 90% of the world’s data has been created in the in the last two years thanks in part to the increase in mobile devices, social media networks, and digital video and photo sharing. In the past, the inexperienced data user might find Big Data a distraction, but fortunately with the growth of data sources and volumes we’ve also experienced significant advances in technology able to process and utilize this data.

big-data-move

The Realities of Big Data

  • Data volumes are growing exponentially, and it’s expected that by 2020 every human will be creating 1.7 megabytes of new information per second.
  • Over 1 billion people used Facebook in August this year, and approximately 31.25 million Facebook messages are sent every minute.
  • YouTube experiences video uploads of 300 video hours per minute, and it would take about 15 years to watch one day of uploads.
  • Google processes more than 40,000 search queries a second. A total of 3.5 billion plus search queries every day.
  • Every minute of every day 570 new websites are launched.
  • By 2020, the world will have more than 50 billion smart connected devices, and at least a third of all data will pass through the cloud.
  • Healthcare could save up to $300 billion a year by properly integrating big data.
  • In the U.S. alone, 6 million new jobs will be generated through the needs of Big Data.
  • Currently, less than 0.5% of data is analyzed and used.

The Tech of Big Data

  • Cognitive systems are developing so rapidly that “dark data” could soon be a thing of the past.
  • Predictive maintenance is replacing break-fix methods thanks to IoT devices and sensors capable of analyzing data and reacting appropriately.
  • By 2020, the Hadoop market is expected to surpass $1 billion, growing annually at a compounded 58%.
  • The entire Big Data technology and services market will hit $48.6 billion in 2019.
  • Security standards and policies for Big Data are more essential than ever with cyber attacks reaching an all-time high.
  • Artificial Intelligence will create more personal data through subjective interactions.

For more Big Data insight, download LaunchAny’s free eBook.

By Jennifer Klostermann

Jennifer Klostermann

Jennifer Klostermann is an experienced writer with a Bachelor of Arts degree majoring in writing and performance arts. She has studied further in both the design and mechanical engineering fields, and worked in a variety of areas including market research, business and IT management, and engineering. An avid technophile, Jen is intrigued by all the latest innovations and trending advances, and is happiest immersed in technology.

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