The forecasts for the impact of data growth are staggering. CSC has projected that, by 2020, more than one-third of all data will live in or pass through the cloud. According to EMC, the digital universe is doubling in size every 2 years and, by 2020, the data created and copied each year will reach 44 zettabytes.
Meanwhile, smartphone IP traffic will exceed PC traffic within the next 5 years, according to Cisco,and, looking at IoT alone, McKinsey Global Institute research has estimated that the impact of embedded sensors and connected devices on the global economy might be as high as $6.2 trillion by 2025.
The bottom line is that it is clear now that with the growth of data variety, volume, and velocity, innovative data management approaches are needed.
To help organizations continue to get the most from their data, Big Data Quarterly has published the second annual “Big Data 50,” a list of companies driving innovation. The Big Data 50 includes forward-thinking companies that are expanding what is possible in terms of managing and deriving value from data.