Reason for Data Growth

 

Businesses are starting to use big data mining services to analyse assess and convert big data into actionable information. 


3 Reasons for Data growth


1. Business models: Permanent retention of data is becoming a popular business model, google is a prime example of this.

2. Infrastructure capacity: The cost of data storage has come down as a capacity has shot up, right now capacity is doubling every two years!

3. Business Analytics: Business Analytics has experienced rapid acceleration in recent years and is now a 100 billion dollar market and growing at a rate of 7% a year





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