45 surprising facts about big data!

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Published May 6, 2014   |   
Vishal Kumar

What will Big-Data convey with some of it’s startling factoids. I recently ran through google to find some good factoids. I stumble upon some of these facts which are worth mentioning and keeping a note on.
1. Google’s Eric Schmidt claims that every two days now we create as much information as we did from the dawn of civilization up until 2003 (Source)
2. Bad data or poor data quality costs US businesses $600 billion annually.
3. According to Gartner Big data will drive $232 billion in spending through 2016.
4. 48 hours of video are uploaded to YouTube every minute, resulting in nearly 8 years of content every day
5. Data collection volume increased by 400% in 2012, from an average of 10 collection events per page to 50
6. By 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States
7. 70% of data is created by individuals – but enterprises are responsible for storing and managing 80% of it.
8. By 2020 one third of all data will be stored, or will have passed through the cloud, and we will have created 35 zetabytes worth of data
9. 1.5 million more data-savvy managers are needed to take full advantage of big data in the United States
10. There was an estimated 1.8 zettabytes of business data in use in 2011 up by 30 percent from 2010
11. The Obama administration in the US announced $200 million in new R&D investments for “Big Data” initiative in 2012
12. Big Data is set to create 1.9M IT Jobs in U.S. By 2015
13. Stacking a pile of CD-ROMs on top of one another until you’d reached the current global storage capacity for digital information would stretch 80,000 km beyond the moon
14. Up to 80% of the 247 billion email messages sent each day is spam
15. There are nearly as many pieces of digital information as there are stars in the universe
16. A survey reported that more than 37.5% of large organizations said that analyzing big data is their biggest challenge.
17. Visualization is in demand because it makes data-analysis easier. An InformationWeek Business survey found 45% of the 414 respondents cited “ease-of-use challenges with complex software/less-technically savvy employees” as the second-biggest barrier to adopting BI/analytics products.
18. Bad data or poor data quality costs US businesses $600 billion annually.
19. Poor data or “lack of understanding the data” are cited as the #1 reasons for overrunning project costs.
20. Poor data can cost businesses 20%–35% of their operating revenue.
21. Performing data-quality best practices can boost a company’s revenue by 66%
22. If an average Fortune 1000 company can increase the usability of its data by just 10%, the company could expect an increase of over 2 billion dollars.
23. 90% – Percentage of the world’s data created in the last 2 years.
24. $214 – The average cost per customer compromised when a data breach occurs.
25. 86% – Percentage of customers willing to pay more for a great customer experience with a brand.
26. 7.6 – Average number of different sources customers use throughout the purchase process when considering new technology.
27. $326 billion – Projected volume of e-commerce transactions in 2016.
28. “Special” – People are willing to pay extra to feel like this.
29. 2.7 billion – Average number of “likes” and “comments” posted on Facebook daily.
30. 85% – Percentage of digital marketers who engage in social media while working.
31. 190,000 – Shortage of people needed to fill available “big data” jobs (advanced analytics).
32. 17% – Percentage of mobile phone owners who had smartphones back in 2010.
33. 37% – Percentage of super-connected multi-channel consumers who had 2+ mobile devices in 2011, considered to be “always addressable.”
34. If you stacked a pile of CD-ROMs on top of one another until you’d reached the current global storage capacity for digital information – about 295 exabytes – if would stretch 80,000 km beyond the moon.
35. Every hour, enough information is consumed by internet traffic to fill 7 million DVDs. Side by side, they’d scale Mount Everest 95 times.
36. 247 billion e-mail messages are sent each day… up to 80% of them are spam.
37. By 2020, IT departments will be looking after 10 x more servers, 50 x more data and 75 x more files. Meanwhile, the number of IT administrators keeping track of all that data growth with increase by 1.5 times.
38. We can expect a 40-60 per cent projected annual growth in the volume of data generated, while media intensive sectors, including financial services, will see year on year data growth rates of over 120 per cent.
39. The world’s 500,000+ data centres are large enough to fill 5,955 football fields.
40. 75% of digital information is generated by individuals, whilst enterprises have liability for 80% of digital data at some point in its life.
41. There are nearly as many bits of information in the digital universe as there are stars in our actual universe.
42. Investment in digital enterprises has increased 50% since 2005.
43. There are 30 billion pieces of content shared on Facebook every day.
44. In 2010, 28% of the digital universe required some level of security… not all of it had the level of security it required….
45. People wishing each other Happy New Year drove a 500% surge in smartphone data within just one year, according to 3UK whose customers used a whopping 80 terabytes (TB) on the 31st December 2011, compared to just 14 TBs on the same day in 2010.