It has been said, and we will say it again, that ‘data is the new oil.’ Volumes of data, and the number of channels through which that data flows are exploding. In 2016, we created more data than the previous 5,000 years of existence at about 2.5 quintillion bytes (that’s about 10 million Blu-ray discs) per day. And with the proliferation of data from sensors (IoT) and wearables, the wave of data will only grow with time.
However, with all that data – insight just ripe for the picking – less than 0.5% of it is ever analyzed.
Read the full article at Finextra.com