Data may just be considered a four-letter word when it comes to the digital economy. As valuable as it may be, it is also a challenge. Analytics Insight brought this interesting information to our attention in their article, “The Rise of Data: Data Science, Big Data and Data Analytics for Seamless Business Operations.”
Structured and unstructured data comes from emails, financial transactions, audio files, web pages, business documents and social media. These are all mined to harness intelligent insights to inform business intelligence and strategy.
Humans generate more than 2.5 quintillion bytes of data every day, broken to 1.7 megabytes in just a second. Research estimates that over 6 billion smartphone users are looking at some form of data, and over 50 billion smart devices are interconnected to collect, analyze and share data in 2020 alone.
Data opens endless possibilities, for businesses in big ways and processing of this data usually begins with data aggregation accumulated from multiple sources.
Melody K. Smith
Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.