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Big Data set to create incredible business opportunities
The world of "big data" is changing dramatically right before our eyes – from the amount of data being produced to the way in which it’s structured and used. The trend of "big data growth" presents enormous challenges, but it also presents incredible business opportunities. CSC's big data growth infographic helps you visualize some of the latest trends.
- By 2020, over 1/3 of all data will live in or pass through the cloud.
- Data production will be 44 times greater in 2020 than it was in 2009.
- Individuals create 70 percent of all data. Enterprises store 80 percent.
What is Big Data?
Big Data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools. The challenges include capture, storage, search, sharing, analysis, and visualization. The trend to larger data sets is due to the additional information derivable from analysis of a single large set of related data, as compared to separate smaller sets with the same total amount of data, allowing correlations to be found to "spot business trends, determine quality of research, prevent diseases, link legal citations, combat crime, and determine real-time roadway traffic conditions.
To know how Big Data is the confluence of three trends of big transactional data, big integration data and big data processing see below...
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