Big Data Fever

Posted by on in Big Data

 

According to a Workforce study,lately it is all about big data as the world is generating and analyzing increasing volumes of data. 

Websites, social networks, smartphone apps, cloud-based software services, cheaper data storage—all of it is contributing to the creation of information that this year alone is expected to reach 1.2 zettabytes. That's the equivalent of 1 billion terabytes of raw, unstructured data.

Companies rank business analytics as the most important technology innovation they face, according to a December 2012 report from tech industry analyst Ventana Research.

Generally, Big Data doesn't just refer to information obtained from inside a company's current employee records or operations, but to a mix of personnel data and information from competitors, industry or other benchmarks.

Companies have been slow to bring analytics-based decision-making to their people practices, but that's changing. Worldwide information spending on big data is growing. 

$34 billion is expected to be spent in 2013.

40 trillion gigabytes is expected to be used by 2020 (more than 5,200 for every man, woman and child.  

Big data is the most important technology innovation companies face. In a recent decision making project: 

52% used business analytics

38% used mobile technology

16% used social media

 

Enjoyed the article?

Sign-up for our free newsletter to kick off your day with the latest technology insights, or share the article with your friends and contacts on Facebook, Twitter or Google+ using the icons below.


E-mail address

Bill has been a member of the technology and publishing industries for more than 25 years and brings extensive expertise to the roles of CEO, CIO, and Executive Editor. Most recently, Bill was COO and Co-Founder of CIOZone.com and the parent company PSN Inc. Previously, Bill held the position of CTO of both Wiseads New Media and About.com.

Comments