Tuesday, 26 February 2013

Introduction to Big Data

The total volume of data stored electronically, as on 2012, 2.7 zettabytes as per Forbes.com

(A zettabyte is 10^21 bytes, or equivalently one thousand Exabyte, one million petabytes, or one billion terabytes).

Statistical Facts on Big Data :

  • $300 Billion Potential annual value to US health care.
  • $250 billion Potential value to Europe's Public sector administration.
  • $600 Billion Potential annual consumer surplus from using personal location data globally.
  • 140,000-190,000 - More deep analytical talent positions open for data savvy managers in USA during 2011.

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