-> Big data is at the foundation of all the mega trends that are happening today, from social to mobile to cloud to gaming.
-> "Big data is not about the data.” While data is plentiful and easy to collect, the real value is in the analytics.
BIG Data
Slide 2
BIG Data
-> “There were 5 exabytes of information created between the dawn of
civilization through 2003, but that much information is now created
every 2 days.”
-> “Information is the oil of the 21st century, and analytics is the combustion engine.”
-> “I keep saying that the sexy job in the next 10 years will be statisticians, and I’m not kidding”
-> “You can have data without information, but you cannot have information
without data.”
Slide 3
-> “Hiding within those mounds of data is knowledge
that could change the life of a patient, or change the world.”
-> “Errors using inadequate data are much less than those using no data at all.”
-> “To call in the statistician after the experiment is done may be no
more than asking him to perform a post-mortem – he may be able to say
what the experiment died of.”
-> “Without big data, you are blind and deaf in the middle of a freeway”
BIG Data
Slide 4
---> Over 90% of all the data in the world was created in the past 2 years.
---> It is expected that by 2020 the amount of digital information in existence will have grown from 3.2 zettabytes today to 40 zettabytes. ---> The total amount of data being captured and stored by industry doubles every 1.2 years.
BIG Data
Slide 5
---> Retailers could increase their profit margins by more than 60% through the full exploitation of big data analytics. ---> Big data has been used to predict crimes before they happen – a “predictive policing” trial in California was able to identify areas where crime will occur three times more accurately than existing methods of forecasting. ---> The value of the Hadoop market is expected to soar from $2 billion in 2013 to $50 billion by 2020, according to market research firm Allied Market Research.
BIG Data
Slide 6
---> According to Gartner, Big Data will drive $232 billion in spending through 2016 --->