“Data is the lifeblood of business.” It is a popular saying, and in today’s world it is truer than ever. Electronically controlled and connected equipment streams data about our physical world and business activities at an ever-increasing speed. Communication takes place in an increasingly digital fashion.
IDC’s 2011 Digital Universe Study found that the volume of the world’s digital data amounted to 1.8 zettabytes, which would “fill up 57.5 billion 32GB tablet PCs.” The size of this data universe is estimated to more than double in two years, outpacing even Moore’s law. This staggering volume of data simultaneously presents opportunities and challenges.
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