90% of all the data in existence was created in the past two years. Big data describes this flood of information and the challenges of collecting, storing and making sense of it.
In a rush? Here are the 5 biggest big data takeaways.
From the pace of big data's growth to the challenges of dealing with all that data, see the main points from this unit here.
Get the rundown
5 Biggest Takeaways
Big data is a rapidly growing industry.
IDC estimates big data revenues will reach $150 billion in 2019 and could top $210 billion in 2020.
The challenges of working with big data are summarized as "The Five Vs."
Big data analysts solve problems related to volume, velocity, variety, value, and veracity of data.
The amount of data each person produces is growing every moment.
It’s estimated that by 2020 1.7 MB of data will be created every second for every person on earth.
Globally, big data is allowing us to connect faster and wider.
By 2020, there will be more than 50 billion smart connected devices in the world, collecting, analyzing and sharing data.
Poor data has both public and private sector consequences.
Poor data quality across businesses and the government costs the U.S. economy $3.1 trillion dollars a year.
IncorrectThe Impact of Data on Our World
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