Big Data is big Bucks, a 21st century gold rush and to extend the metaphor, big data analytics is the modern-day equivalent of panning for gold.
Big Data describes the collection of data sets so magnanimous in volume and complexity that it’s difficult to capture, process, store, search and analyze it using conventional methods. Its uses are shaping the world around us, offering more qualitative insights into our everyday lives.
While there are too many seminars and conferences about big data, held at different parts of the globe, there are many facts about this new age technology that are still unknown. Listing below some of these Mind-Boggling Facts and Stats:
- Data Sizes:
Bit – 1/8 of a Letter
Nibble – ½ of a Letter
Byte – 1Letter
Megabyte – 1,024 kilobytes – 1 Book
Gigabyte – 1,024 Megabytes – 1600 books
Terabyte – 1,024 Gigabytes – 1,600,000 books
Petabytes – 1,024 Terabytes – 160,000,000 books
Exabyte – 1,024 Petabytes – 1,600,000,000,000 books
*1 Exabyte is equivalent to about 3000 times the entire content of the Library of Congress. Or we can also say it is 10,000 miles short of reaching the moon.
- Every day we create 2.5 Quintillion bytes of Data. This data could fill 10 million Blu-ray discs, height of which stacked would measure the height of 4 Eiffel Towers on top of one another.
This is expected to continue growing at a significant rate with mobile devices accounting for much of this data.
- Google’s Eric Schmidt claims that now we create as much information in every two days as compared to what we did from the dawn of civilization up until 2003.
- Some experts say that, over 90% of the world’s data today has been created in the last 2 years than in the entire previous history of the human race.
- Global internet traffic in 2013 was approximately 51 Billion Gigabytes. Global Internet Population grew 14.3% between 2011 and 2013
- Presently, 3 billion people have access to the internet, this is equal to the world’s population in the year 1960...