Big data is the buzzword in the technological industry and there are, indeed, a lot of hype about it. There are many facts about big data analytics and big data app development that are still unknown. If you want to know some really interesting facts about big data, this is the list that you need to go through.
Amazing Facts About Big Data That You Should Know?
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2. The basic idea behind the phrase Big Data
Is that everything we do is increasingly leaving a digital trace which
we can analyze and use.
Big Data is one of those things, and is completely transforming the
way we do business and is impacting most other parts of our lives.
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9. Facts About Big Data
❏ Data is growing faster than even before & by the year 2020
❏ About 1.7 MB of new information will be created.
❏ Within five years there will be over 50 bn smart connected devices in
the world
❏ By 2020 we will have over 6.1 bn smartphones user globally.
❏ By 2020, at least a third of all data will pass through cloud.
10. ❏ According to Deloitte, by the end of 2016 over 90% of the top Fortune
500 companies will have at least some big data initiatives.
❏ According to ABI Research big data spending will hit $114 bn in the
year 2018 and yet there are many people and businesses who are still
perplexed as what to bif data is actually is.
12. Is There Any Contribution of The Internet of Things In Big Data
● Believe it or not, big data has slipped behind another technology
buzzwords of the moment: Internet of Things (IoT). When it comes to
the IoT, Big data has a huge amount to benefit from.
● According to Cisco’s conservative, the total number of connected
devices will hit about 21 billion by the year 2018
13. Rich Data vs Big Data
❏ In layman’s terms, rich data is what comes out when all the data from
different systems is combined together and given a context so that it
becomes a practical proposition for individuals and businesses.
❏ The truth that rich data requires big data to exist signifies that big
data can never go away, yet for the greater level of insights and
advantages, rich data needs to be an integral part of the picture.
14. How Big Data Change Your Business?
❏ Data will become an asset to every business.
❏ Big data will enable companies to collect better market and customer
intelligence.
❏ It will improve internal efficiency and operations.
❏ And data will allow companies to improve the customer experience
and build big data into their product offering.