| Summary: |
You must have realized that how much data we are generating every second, of every minute, of every hour, of every day, of every month, of every year. The phrase that is really popular nowadays and also talks the truth:
We have generated more than 90% of data in the last two years itself.
The data is getting generated exponentially day by day with the increasing usage of devices and digitization across the globe.
Every 2 days we create as much information as we did from the beginning of time until 2003.
At a Data Science meetup in 2015, a second statistic that puts the 90% figure in context: the 90% figure has been true over the last 30 years. Every two years we generate 10 times as much data.
In 2013, an influential report by McKinsey claimed that the area of data science will be the number one catalyst for economic growth. |
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