When this Guy Talks “Big Data,” He Really Means It

Published on: May 20, 2013

Filled Under: Blog, Finance & Economics, Worth Reading and Watching

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A bunch of thought-provoking observations here on the many ways in which data collection and aggregation are exponentially changing how we conduct and think about virtually every aspect of commerce. Plus some amazing stats:

  • “Start by visualizing one five-drawer filing cabinet. Now, think of a room filled with 60 million five-drawer file cabinets. That’s how much data comes from all of the Walmart stores every hour.”
  • “If we look back 20 years, from 1993 to a few years ago, the total amount of data that went over the Internet in a year is now how much data that goes over the Internet in one second.”

[“Big Data Is Already Producing Big Results,” Strategic Insights Blog, Daniel Burrus, 5/15/2013”]

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