Data is the new oil

  ‘Big Data’ looks like it’s going to be the business buzz word of 2014. Big Data refers to large data sets that can be managed and analysed only by increasingly powerful and sophisticated tools. Over the past five years, the world has witnessed an unprecedented explosion of digitised data, which is often referred to as “Big Data.” Data production will be 44 times greater in 2020 than it was in 2009 Individuals create 70% of all data. Enterprises store 80% Data ...