By Rishab Narang
Data in our world grows exponentially day by day. Huge amount of data is generated by companies such as Wal-Mart in the process of storing information about their customers, suppliers, operations etc. Countless network sensors, smart phones, social networking sites, simulation experiments go on fueling the exponential growth of Data. Here are some amazing statistics about the data that contributes to Big Data.
Big Data and bigger dataIn the year 2005, 130 exabytes of data was created worldwide.
In the year 2010, 1227 exabytes of data was created worldwide.
In the year 2020, 35000 exabytes of data will be created - IBM.
World’s data doubles every two years.
80% of all these data are unstructured. Unstructured data include text strings, documents of all types, audio and video files, metadata, web pages, email messages, social media feeds, form data, and so on.
Big Data and the flow of data from various sources• U.S. drone aircraft sent back 24 years worth of video footage in 2009.
• Oil drilling platforms have 20k to 40k sensors.
• Our world has 1 billion transistors/human.
• Bin Laden’s death caused 5106 tweets/second.
• 30 billion pieces of content is shared on Facebook every month.
• Brands and organizations on Facebook receive 34,722 “Likes” every minute of the day.
• Twitter processes 7 terabytes of data every day.
• Facebook processes 10 terabytes of data every day.
• YouTube users upload 48 hours of new video every minute of the day.
• Wal-Mart handles more than one million customer transactions every hour, which is imported into databases estimated to contain more than 2.5 petabytes of data.
• More than five billion people are calling, texting, tweeting, and browsing on mobile phones worldwide.
• Decoding the human genome originally took 10 years to process; now it can be achieved in one week.
• 571 new websites are created every minute of the day.
• In a paper in the journal Science in 2011, Hilbert and Lopez estimated that if all the data used in the world today were written to CD-ROMs and the CD-ROMs piled up in a single stack, the stack would stretch all the way from the Earth to the Moon and a quarter of the way back again.
Big Data and the struggle of organizations to keep up with itThe rise in cloud, mobile and social computing means that organizations are faced with ever-increasing volumes of new types of data.
85% of Fortune 500 organizations will fail to effectively exploit Big Data for competitive advantage.
There is a 40% projected growth in global data generated per year vs.5%
growth in global IT spending.
1 in 3 Business leaders frequently make decisions based on information they don’t trust, or don’t have.
1 in 2 Business leaders say they don’t have access to the information they need to do their jobs .
Big Data and its potential value
140,000–190,000 more deep analytical talent positions, and 1.5 million more data-savvy managers needed to take full advantage of Big Data in the United States.
$300 billion potential annual value to US health care, more than double the total annual health care spending in Spain.
€250 billion potential annual value to Europe’s public sector administration, more than GDP of Greece
60% potential increase in retailers’ operating margins possible with Big Data.
Big Data and bigger dataIn the year 2005, 130 exabytes of data was created worldwide.
In the year 2010, 1227 exabytes of data was created worldwide.
In the year 2020, 35000 exabytes of data will be created - IBM.
World’s data doubles every two years.
80% of all these data are unstructured. Unstructured data include text strings, documents of all types, audio and video files, metadata, web pages, email messages, social media feeds, form data, and so on.
Big Data and the flow of data from various sources• U.S. drone aircraft sent back 24 years worth of video footage in 2009.
• Oil drilling platforms have 20k to 40k sensors.
• Our world has 1 billion transistors/human.
• Bin Laden’s death caused 5106 tweets/second.
• 30 billion pieces of content is shared on Facebook every month.
• Brands and organizations on Facebook receive 34,722 “Likes” every minute of the day.
• Twitter processes 7 terabytes of data every day.
• Facebook processes 10 terabytes of data every day.
• YouTube users upload 48 hours of new video every minute of the day.
• Wal-Mart handles more than one million customer transactions every hour, which is imported into databases estimated to contain more than 2.5 petabytes of data.
• More than five billion people are calling, texting, tweeting, and browsing on mobile phones worldwide.
• Decoding the human genome originally took 10 years to process; now it can be achieved in one week.
• 571 new websites are created every minute of the day.
• In a paper in the journal Science in 2011, Hilbert and Lopez estimated that if all the data used in the world today were written to CD-ROMs and the CD-ROMs piled up in a single stack, the stack would stretch all the way from the Earth to the Moon and a quarter of the way back again.
Big Data and the struggle of organizations to keep up with itThe rise in cloud, mobile and social computing means that organizations are faced with ever-increasing volumes of new types of data.
85% of Fortune 500 organizations will fail to effectively exploit Big Data for competitive advantage.
There is a 40% projected growth in global data generated per year vs.5%
growth in global IT spending.
1 in 3 Business leaders frequently make decisions based on information they don’t trust, or don’t have.
1 in 2 Business leaders say they don’t have access to the information they need to do their jobs .
Big Data and its potential value
140,000–190,000 more deep analytical talent positions, and 1.5 million more data-savvy managers needed to take full advantage of Big Data in the United States.
$300 billion potential annual value to US health care, more than double the total annual health care spending in Spain.
€250 billion potential annual value to Europe’s public sector administration, more than GDP of Greece
60% potential increase in retailers’ operating margins possible with Big Data.
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