Chew on this: The world’s information doubles every 2 years. 1.8 Zettabytes of information was created in 2011 and it is estimated that by 2015 there will be about 8 Zettabytes of information. This means that by 2018, there will be a demand for about 440k – 490k Data Scientists in the U.S. alone. This also means that the Big Data market is on the rise and massive amounts of data are coming at us from every angle, every second of the day. Big Data is not just a big buzzword anymore – it is the next big thing needed for success within multiple enterprises and industries, meaning key players need to be familiar with the correct terminology in order to know what is being discussed.
Many of you might be wondering, “What is a Zettabyte of information?” Good question – A Zettabyte refers to a multiple for the unit byte in terms of digital information. For example, 1.8 Zettabytes is equivalent to every person in America tweeting about 3 times each minute for 27,000 years – now that’s a lot of information! Now, imagine that 1.8 Zettabytes of information was created in 2011. How will the world be able to deal with such massive amounts of data in the future? New technology and data experts will certainly be needed to handle this data attack, also meaning that terminology is highly crucial in terms of speaking the same language.