Big Data EC1702991

3. Growth of Big Data  Kryder's law - The idea that data storage will double almost every year (13 months), as the storage capacity increases, storage will decrease in price. https://searchstorage.techtarget.com/definition/Kryders-Law growth of data  - Data is increasing at an exponential rate, more data has been made in the past two years than ever before combined. It is estimated that by the year 2020, 1.7MB of new data will be made every second for every human on earth. Within 5 years there will be 50 billion smart connected devices on earth. also by 2020, at least 1/3 of all the world's data will pass through the cloud.  The image below contains more examples of data growth as well as a graph for visual representation https://dvmobile.io/dvmobile-blog/feeling-overwhelmed-by-a-deluge-of-iot-data-iot-data-analytics-dashboards-can-help

4. Reasons for the growth of data Capacity- Since capacity of hard drives and storage media is increasing, the cost of storage capacity is decreasing, roughly, the capacity doubles each year under "Kryder's Law" Security - So many businesses use CCTV to capture video and audio footage for security purposes, which can take up large amounts of storage space after a while. System logs are also kept by many businesses which must also be stored. Other devices - Data collected from other devices within a person or company's space such as scanners, sensors, etc, will also need to have their data stored Social data - It is increasingly common now for businesses to collect personal data to aid things such as third party advertising for tailoring ads to users Regulations - Regulations are constantly changing, requiring companies to keep more and more data and changing what data must be retained by the organisation Cloud Storage - Cloud increases with popu...