JUST HOW BIG IS BIG DATA, ANYWAY?
Big data involves a lot of information. But have you ever though how big is big data?
WHAT IS BIG DATA?
Big data is larger, more complex data sets, especially from new data sources
These massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
There is a variety of tools used to analyze big data like NoSQL databases, Hadoop, and Spark.
Data from digital media, business apps, machine log data, etc. can be gathered with these tools.
WHY BIG DATA IS IMPORTANT?
Once analyzed, this data helps in a multitude of ways like healthcare, banking sector, meteorology and more.
FILE SIZE OF BIG DATA?
In 1999, 1 GB was considered big data. Today, it may consist of petabytes (1,024 terabytes) or exabytes (1,024 petabytes) of information.
DATA IN 2021
In 2021, the overall amount of data generated in the world was estimated to be around 79 zettabytes which will be approx. 97 zettabytes in 2022.
CAN WE DOWNLOAD IT?
Today it would take a person with an internet connection speed of 46 MBPS approximately 181 million years to download all the data from the internet.
FUTURE OF BIG DATA
Big data growth statistics reveal that data creation will be over 175 zettabytes by 2025.
For reference, 1 Zettabyte = 1 Trillion GB.
If we use Blu-ray discs, then you would have a stack of discs that reach to the Moon 23 times.
BIG DATA - WORTH
Worldwide spending on Big Data analytics solutions will be worth over $274.3 billion in 2022.
There will be 11.5 million new jobs in Big Data by 2026. Big Data is and will continue to be a force to be reckoned with in this digital age.
Learn more about it.