Why Big Data matters

Ever wondered how much data you as an individual generate? Furthermore, ever wondered how much data all of us generate? To be honest we can’t even begin to wrap our mind around the number – 2.5 quintillion bytes of data created each day, according to a recent research! All of this data comes via various channels: Internet, Social Media, Communication, Smartphones, Services etc. Ever researched an upcoming flight price, which a minute later shows up in your Facebook feed? Indeed, this is how the enormous amount of data we generate i.e. Big Data is being used to create more revenue for all the businesses out there. Actually, we can’t go wrong with even saying that Big Data is the beating heart of Industry 4.0: credit card companies track and collect data about our shopping, smartphones keep a record of the locations we visit and combining that with some artificial intelligence which can make decisions for us and you can see how fascinating this process is. As Industry 4.0 drives things forward it will need access to more and more data, the faster the data access, the more efficient a business process could become (productivity, networking, transportation, maintenance, growth, resolution of any problems). It makes sense, right? Thus, companies need to consider Bid Data in their businesses and find the appropriate analytics tool to help them get onboard the Industry 4.0 train.

Sources:

• http://bigdata-madesimple.com/big-datas-role-fourth-industrial-revolution/
• https://www.forbes.com/sites/bernardmarr/2018/05/21/how-much-data-do-we-create-every-day-the-mind-blowing-stats-everyone-should-read/#6cd8a5a260ba
• https://www.domo.com/learn/data-never-sleeps-5?aid=ogsm072517_1&sf100871281=1