Big data is one of the hottest topics of discussion in the world of business as well as technology. Many are still surprised by the fact that technological advances have made the task of organizing data so much easier.

The new concept made it possible to collect, analyze and use the necessary data obtained from a variety of sources: social networks, banking operations, all kinds of sensors. Want to learn more about what big data is? Here are some interesting facts that will help you get to know this topical technology better.

Exponential Data Growth

According to a study conducted by IBM Marketing Cloud in 2017, more than 90% of all data was created in just a few previous years. It is estimated that in 2020 each active web user produces more than 1.7 megabytes of new information.

A spokesman for SINTEF said that tech giants like Facebook and Google are the biggest players in the ever-increasing amount of data. Every second, Google’s servers process about 40,000 search queries. And users of the social network Facebook send at least 31.25 million messages every minute and watch 2.77 million videos.

Promising labor market

The head of recruiting at LinkedIn believes that one of the most in-demand professions in the modern job market is related to big data. In the next few years, tools to process large amounts of information, together with technologies such as machine learning and artificial intelligence, will bring huge benefits to companies.

Richard Joyce, senior analyst at research organization Forrester, has estimated that Fortune 1000 companies are likely to increase their revenues by $65 million through the use of big data.

At least 80% of the data remains intact

About 80-90% of information belongs to the category of unorganized data. Forrester studies show that only 12% of the total data will be analyzed and used in the near future, the rest of the information will remain untouched. The main reason for this is the lack of analytical tools and data warehouses.

The Hadoop market is on the rise

Hadoop is an open source software for accessing big data applications running on cluster systems. This tool supports advanced analytic scripts, data mining, machine learning, and predictive analytics.

Developers choose Hadloop because it has a feature that allows you to manage free space by removing some of the restrictions on data storage.

Retail market to increase operating margin by 60%

Experts predict that as soon as big data becomes one of the main tools for business development, companies will be able to greatly benefit from the collection and analysis of various information. This will allow you to transform data into valuable ideas for more effective promotion of goods and services. Recent studies have shown that big data can bring dramatic change to the retail market, increasing its operating margin by 60%.

Emergence of the Internet of Things (IoT)

The Internet of Things is associated with transport systems, physical devices and household appliances that are equipped with electronic elements, sensors and actuators. All of them are connected to the network to collect and share data.

Companies collect a huge amount of information in order to update their tools and modernize various processes in time, extracting the maximum benefits from all types of data.

The above facts give an idea of how big data will change the technological world in the coming years. Statistical analysis allowed experts to predict the invention of 50 billion smart devices around the world, which will be united in a common network to collect, process and exchange data in real time.