Why we need Hadoop?

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The data is growing swiftly and with its growth it brings more opportunities of analysis, to derive more value and business. The growth rate is astonishing and in itself justifies why organizations across the globe are moving towards Big Data Solution like Hadoop. Following are some of the Forbes Facts(as of the date of publishing this article), which defines the pace at which the data is increasing and provides us a definite reason, for why the world is moving towards a Big Data solution for managing data:

  • More data has been created in the past 2 years than in the entire previous history of human race.
  • Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet. 
  • By 2020, our accumulated digital universe of data will grow from 4.4 zettabyets today to around 44 zettabytes, or 44 trillion gigabytes.
  • Every second we create new data. We perform approx 40,000 search queries every second, which makes it 1.2 trillion searches per year.
  • Within five years there will be over 50 billion smart connected devices in the world, all developed to collect, analyze and share data.
  • Estimates suggest that by better integrating big data, healthcare could save as much as $300 billion a year — that’s equal to reducing costs by $1000 a year for every man, woman, and child.
  • For a typical Fortune 1000 company, just a 10% increase in data accessibility will result in more than $65 million additional net income.
  • At the moment less than 0.5% of all data is ever analysed and used, just imagine the potential here.
Location: California, USA
Big Data, Cloud(AWS), Graph and Machine Learning professional.

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