Posted by Vishal Kumar in AnalyticsWeek.
- Google’s Eric Schmidt claims that every two days now we create as much information as we did from the dawn of civilization up until 2003 (Source)
- Bad data or poor data quality costs US businesses $600 billion annually.
- According to Gartner Big data will drive $232 billion in spending through 2016.
- 48 hours of video are uploaded to YouTube every minute, resulting in nearly 8 years of content every day
- Data collection volume increased by 400% in 2012, from an average of 10 collection events per page to 50
- By 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States
- 70% of data is created by individuals – but enterprises are responsible for storing and managing 80% of it.
- By 2020 one third of all data will be stored, or will have passed through the cloud, and we will have created 35 zetabytes worth of data
- 1.5 million more data-savvy managers are needed to take full advantage of big data in the United States
- There was an estimated 1.8 zettabytes of business data in use in 2011 up by 30 percent from 2010
- The Obama administration in the US announced $200 million in new R&D investments for “Big Data” initiative in 2012
- Big Data is set to create 1.9M IT Jobs in U.S. By 2015
Read entire list at http://analyticsweek.com/factoid-give-big-data-perspective/