Big data: The next frontier

$600 to buy a disk drive that can store all of the world’s music

Over 5 billion mobile phone in use today

30 billion pieces of content shared on Facebook every month

40% projected growth in global data generated per year vs. 5% growth in global IT spending

235 terabytes data collected by the US Library of Congress by April last year

15 out of 17 sectors in the United States have more data stored per company than the US Library of Congress

Big data—capturing its value

$300 billion potential annual value to US health care—more than double the total annual health care spending in Spain

€250 billion potential annual value to Europe’s public sector administration—more than GDP of Greece

$600 billion potential annual consumer surplus from using personal location data globally

60% potential increase in retailers’ operating margins possible with big data

140,000–190,000 more deep analytical talent positions, and

1.5 million more data-savvy managers needed to take full advantage of big data in the United States

Presenter : Amit Sarkar, President & CEO, Circar Consulting

As usual this event will be held at Hacker Dojo. Pending their approval.