Everyone is talking about Big Data.
Business opportunists in big data-Inc
How Big data got so big- Newyork times
But it’s not just hype.The worlds data is doubling every 1.2 years.There are 7 billion people in the world.5 billion of them own a cell phone. Each day we send over 11 billion texts. Watch over 2.8 billion youtube videos and perform 5 billion google search and we are not consumming IT.
We are creating it,we are data agents.we generate over 3 quintillion bytes every day from consumer transactions ,communication devices,online behavior and streaming services.
By 2020 the world information will totaled over 40 trillion.80% of this data is unstructured.
Big data is not only the 3Vs i.e volume,velocity and variety also include variability and complexity that makes big data.