Custom Software and Offshore Development | LARION

Big Data: Challenges and Opportunities

The volume of Big Data is a critical point that’s creating a lot of new challenges for companies. As business and other aspects of life become more digital, there’s a lot of both structured and unstructured data being created all the time.

As companies try to mine intelligence from that data, that means they’ve got a lot of information to store, and that volume is growing exponentially.

Big Data GrowthAccording to predictions from IDC, the total amount of data stored in the digital universe will grow from 4.4 zetabytes in 2013 to 44 zetabytes in 2020. A zetabyte, for your reference, is one trillion gigabytes. Total data is doubling in size every year, and businesses are expected to create 44 times and much data in 2020 as they did in 2009.

 

Related Articles:
https://www.betterbuys.com/bi/definitive-guide-bi/big-data/

 

 

Let’s Work Together

More interesting resources

2812_Blog_2-01