Despite the fact that the term big data has been around since 2005, there is still uncertainty about what it actually means. Exactly how big is big? Predictive Analytics Times brought this interesting topic to our attention in their article, “Data Lakes: The Future of Data Warehousing?”
We are creating data every second. It’s generated across all industries and by a plethora of devices, from computers to industrial sensors to weather balloons and countless other sources. According to a recent study, 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.
Despite the fact that data has been around and important for quite some time, we have finally come to realize just how important data really is. However, unlike oil or water whose supplies can fall and be depleted, data isn’t going anywhere. It just continues to grow in both volume and variety.
Over the past decade, data storage has become cheaper, faster and more easily available. Industries that work in with the Internet of Things (IoT) are now starting to push data through at a very high speed and that data is constantly changing shape.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.