The basic idea behind the phrase Big Data Is that everything we do is increasingly leaving a digital trace which we can analyze and use. Big Data is one of those things, and is completely transforming the way we do business and is impacting most other parts of our lives.
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Source : http://www.pixelcrayons.com/blog/web/learn-big-data-simple-way/
Facts About Big Data ❏
Data is growing faster than even before & by the year 2020
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About 1.7 MB of new information will be created.
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Within five years there will be over 50 bn smart connected devices in the world
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By 2020 we will have over 6.1 bn smartphones user globally.
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By 2020, at least a third of all data will pass through cloud.
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According to Deloitte, by the end of 2016 over 90% of the top Fortune 500 companies will have at least some big data initiatives.
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According to ABI Research big data spending will hit $114 bn in the year 2018 and yet there are many people and businesses who are still perplexed as what to bif data is actually is.
Source : http://www.i-scoop.eu/big-data-action-value-context/big-data-analytics-from-big-data-to-smart-data-and-decisions/
Is There Any Contribution of The Internet of Things In Big Data ●
Believe it or not, big data has slipped behind another technology buzzwords of the moment: Internet of Things (IoT). When it comes to the IoT, Big data has a huge amount to benefit from.
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According to Cisco’s conservative, the total number of connected devices will hit about 21 billion by the year 2018
Rich Data vs Big Data â??
In layman’s terms, rich data is what comes out when all the data from different systems is combined together and given a context so that it becomes a practical proposition for individuals and businesses.
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The truth that rich data requires big data to exist signifies that big data can never go away, yet for the greater level of insights and advantages, rich data needs to be an integral part of the picture.
How Big Data Change Your Business? ❏
Data will become an asset to every business.
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Big data will enable companies to collect better market and customer intelligence.
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It will improve internal efficiency and operations.
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And data will allow companies to improve the customer experience and build big data into their product offering.
How Big Data Affects Your Life?
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