Big Data Overview

BIG Data

• -> 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

• -> “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.”

BIG Data

• -> “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

• ---> 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

• ---> 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

• ---> According to Gartner, Big Data will drive $232 billion in spending through 2016
• --->