Big Data Facts and Figures

Big Data Analytics

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The volume, velocity and variety of data created in the modern digital world is truly astounding. Here are some facts and figures :

  1. The volume of data created by U.S. companies alone each year is enough to fill ten thousand Libraries of Congress.
  2. According to McKinsey – a retailer using big data to the full could increase its operating margin by more than 60%.
  3. Zuckerberg noted that 1 billion pieces of content are shared via Facebook’s Open Graph daily.
  4. 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
  5. Bad data or poor data quality costs US businesses $600 billion annually.
  6. According to Gartner Big data will drive $232 billion in spending through 2016.
  7. 48 hours of video are uploaded to YouTube every minute, resulting in nearly 8 years of content every day
  8. Data collection…

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