Surprising Statistics About Big Data
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Huge Spike
90% of the world's data has been created in the last two years. -
Market Update
Big data is projected to grow into a $53.4 billion market by 2017, up from $10.2 billion last year. -
People Power
70% of the digital universe—900 exabytes—is generated by users. -
Major Repository
Enterprises store 80% of all data. -
Wide, Wide Web
More than 570 new Websites are created every minute of the day. -
Skyward Projection
By 2020, at least one-third of all data will exist in or pass through the cloud. -
Executive Order
The White House administration is investing $200 million into big data research projects. -
Growing Appetite
China will account for more than one-fifth of the world's data by 2020. -
Data Is Money
A 10% increase in data accessibility translates into an additional $65.7 million in net income for a typical Fortune 1000 company. -
Just the Facts
65% of senior execs say management decisions are increasingly based on hard analytic information. -
People Problems
51% say the lack of available talent is one of the biggest impediments to making better decisions with big data.
Baseline has reported extensively about the booming interest in big data. In fact, seven out of 10 CIOs and other top executives say data analytics is a "crucial" or "very important" business driver, according to survey research from KPMG. The interest is fueled by the fact that big data continues to grow so rapidly: A statistic quoted in an IDC and EMC report says that the digital universe is doubling every two years, and will reach 40,000 exabytes (40 trillion gigabytes) by 2020. (A single exabyte of storage can contain 50,000 years' worth of DVD-quality video.) As a result, a growing number of corporations have access to far more information that they can manage, and they are constantly challenged with getting the right IT tools and tech talent in place to maximize big data's value. As with any new initiatives, however, there will always be pushback. So, if you're trying to justify the need for a big data initiative, consider using the following impressive statistics, which were obtained from research produced or compiled by Sybase, the Wikibon Project, Capgemini, CSC and other organizations.