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Big Data
A term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. Can be analyzed for insights that lead to better decisions and strategic business moves.
| First released | The term has been in use since the 1990s |
| Used by | Google, Amazon, Microsoft |
Interesting facts
- Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet.
- Every second we create new data. For example, we perform 40,000 search queries every second (on Google alone), which makes it 3.5 searches per day and 1.2 trillion searches per year.
- The White House has already invested more than $200 million in big data projects.
Source: Forbes