Every day 2500 trillion bytes of data are created and 90% of the data in the world today was created within the past two years.
Big Data – Major hype, massive headache or global change maker?
For us, Big Data isn’t the next big thing. It is what CR-X is already delivering to organisations on a major scale. As data integration specialists, for nearly a decade we’ve been streaming huge volumes of data into manageable business changing analytics. However, it’s still worth stopping to clearly outline the fast moving area we operate in.
The amount of data in our world has been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by MGI and McKinsey’s Business Technology Office. Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers. The increasing volume and detail of information captured by enterprises, the rise of multimedia, social media, and the Internet of Things will fuel exponential growth in data for the foreseeable future.