The term Big Data has been around since 2005, but what does it actually mean? Exactly how big is big? We are creating data every second. It’s generated across all industries and by myriad devices, from computers to industrial sensors to weather balloons and countless other sources
According to a recent study conducted by Data Never Sleeps, there are a quintillion bytes of data generated each minute, and the forecast is that our data will only keep growing at an unprecedented rate. We have also come to realize just how important data really is. Some liken its value to something as precious to our existence as water or oil, although those aren’t really valid comparisons.