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Posted by Vishal Kumar in AnalyticsWeek.

  1. 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)
  2. Bad data or poor data quality costs US businesses $600 billion annually.
  3. According to Gartner Big data will drive $232 billion in spending through 2016.
  4. 48 hours of video are uploaded to YouTube every minute, resulting in nearly 8 years of content every day
  5. Data collection volume increased by 400% in 2012, from an average of 10 collection events per page to 50
  6. 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
  7. 70% of data is created by individuals – but enterprises are responsible for storing and managing 80% of it.
  8. 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
  9. 1.5 million more data-savvy managers are needed to take full advantage of big data in the United States
  10. There was an estimated 1.8 zettabytes of business data in use in 2011 up by 30 percent from 2010
  11. The Obama administration in the US announced $200 million in new R&D investments for “Big Data” initiative in 2012
  12. Big Data is set to create 1.9M IT Jobs in U.S. By 2015

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