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Silicon Valley Ruby Entrepreneur on Rails/Bigdata/NOSQL db Message Board › Big data: The next frontier for innovation, competition, and productivity

Big data: The next frontier for innovation, competition, and productivity

A former member
Post #: 39
$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
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% 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






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