Quantifye Blog 5 Ways Big Data & Analytics will Impact Your Business

Imagine this story happening to you:A husband is noticing his wife's Fitbit showing her heartbeat being consistently high over the last few days. The Fitbit was showing 10 hours in the fat burning zone, at zero calories, so the husband suspected a sensor malfunction. A Reddit answer leads him to consider the pregnancy issue which turns out to be true.This is just one story on how big data is impacting our daily lives and business in general. Companies that generate big data and also build their muscle in being able to crunch the data will have the greatest impact. In order to really understand the impact of big data, let's look at the bigger picture:90% of the data in the world has been created in the past 2 years.Every 2 days we create more data than what we've created since the beginning of time till 2003.The amount of data we generate will grow from 3.2 to 40 zettabytes* in 2040.Total amount of data gathered and stored doubles every 1.2 years.Around 100hr of video are uploaded to YouTube very minute.570 new websites go online every minute.The number of bits in the digital universe exceeded the number of stars in the physical one in 2007.The IoT (Internet of things) revolution will connect 50billion devices to the internet by 2020, up from 13 billion today.By better integrating big data in health care we could save $300billion a year.Retailers could increase their margins by 60% by employing big Data.The big data industry is predicted to grow to about$ 55billion by 2017.By 2020, about 1.7 MB of new data will be created every second for every person on the planet.By 2020, at least a third of all data will pass through the cloud (a network of servers connected over the Internet).