03 Growth of Data

The amount of data being produced in the present day is growing at an alarming rate. In the slides we were shown in class, we were told that 90% of the data in the world has been produced in the last two years. This exponential growth shows no signs of stopping, with many sources on the subject agreeing that we can expect the amount of existing data to double as regularly as every two years.

Right now the 'digital universe' contains 2.7 Zetabytes of data, and the ways in which this is growing are unmentionable. For one example, it has been estimated by the IDC that by next year, there will be 450 billion online transactions on a daily basis.

For more information you can read:
https://insidebigdata.com/2017/02/16/the-exponential-growth-of-data/
https://waterfordtechnologies.com/big-data-interesting-facts/

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