eDiscovery Daily Blog
Here are Some More Up to Date Fun Facts on Big Data: eDiscovery Trends
For many of the webcasts that we’ve conducted at CloudNine this year, we’ve noted several big data fun facts that illustrate the challenges that many organizations face in managing increasing volumes of data. But several of those facts are three years old. So, we thought it would be fun to take a look at some more up to date facts about big data that you can share with your family at your annual Thanksgiving gathering!
It was just a little over three years ago that we shared these fun facts with you, courtesy of Bernard Marr. Here are some of my favorite facts from that article back then:
- Every 2 days we create as much information as we did from the beginning of time until 2003;
- Over 90% of all the data in the world was created in the past 2 years;
- The total amount of data being captured and stored by industry doubles every 1.2 years;
- And, my favorite one – If you burned all of the data created in just one day onto DVDs, you could stack them on top of each other and reach the moon – twice.
Here are some of the more recent facts, again from Bernard Marr. They may be dated April 2016 (OK, they’re not completely up to date), but they’re still interesting:
- Less than 0.5% of all data we create is ever analyzed and used;
- 73% of organizations have already invested or will invest in big data by the end of 2016;
- A 10% increase in data accessibility will result in more than $65 million additional net income for the typical Fortune 1000 company;
- By 2020, there will be more than 50 billion smart connected devices in the world, collecting, analyzing and sharing data;
- In 2015, an estimated 1 trillion photos were taken and billions of them will be shared online;
- By 2017, nearly 80% of photos will be taken on smart phones and most will become searchable data;
- We perform 40,000 search queries every second on Google alone, 1.2 trillion searches per year;
- By 2020, about 7 megabytes of new information will be created every second for every human on the planet;
- Bad data costs US businesses alone $600 billion annually;
- Big data will drive an estimated $232 billion in spending in 2016.
- 70% of data is created by individuals, but enterprises are responsible for storing and managing 80% of that.
As always, we’ve provided the links to enable you to check out the source of each interesting big data stat. One thing is certain about the growth of big data in the world today – the extent to which it’s growing will continue to be amazing!
So, what do you think? What is your organization doing to combat increasing volumes of data? Please share any comments you might have or if you’d like to know more about a particular topic.
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