Why big data is such a big deal now

big data thrive on change DXC Blogsbig data thrive on change DXC Blogs

It can be easy to take for granted the amazing technologies we use every day just to function in our knowledge-driven world.

Sometimes it’s important to take a step back and remind ourselves that we are truly living in a unique period of opportunity.

According to a Forbes article, by the year 2020, every human being on the planet will create about 1.7 megabytes of new information every second. That includes:

  • 40,000 search queries (to Google alone) EVERY SECOND
  • Facebook users sending, on average, 31 million messages and viewing over 2 million videos EVERY MINUTE
  • 300 hours of video uploaded to YouTube EVERY MINUTE

Computing power has grown in accordance with Moore’s Law for over a century and shows no signs of slowing down. SingularityHub published an article about the historical and, likely, future growth of computing power that shows this amazing progress:

      • In 1920, $1,000 would buy you a computer with 1 millionth the processing power of an insect
      • By 1980, the same $1,000 would buy you a computer just as powerful as an insect brain
      • By 2020, $1,000 will buy you a computer with the same processing power of mouse
      • And by around 2025, $1,000 will likely buy you a computer with the same processing power of the human brain

 

And we are still in the early stages of the Big Data revolution. Research by McKinsey’s Global Institute suggests that we are far from putting all this data to good use. It estimates that as of 2016, we are only capturing:

      • 50%-60% of the value of our location-based data
      • 20%-30% of the value of our manufacturing data
      • 10%-20% of the value of our public-sector data
      • 10%-20% of the value of our healthcare data

In every industry, the barriers to capturing the full value of the data we create is nearly the same: Enterprises lack the right talent. Data is hopelessly locked away in silos. The enterprise is yet to be shown a convincing demonstration of the data’s potential.

This is why I’m so excited to be a part of the launch of DXC. Our new company is the world’s leading independent, end-to-end IT services company. We have over 4,500 data engineers and scientists. We have the experience of delivering analytics solutions for more than 800 clients across the globe and in every major industry.

Data is only getting bigger. Computing power is only getting faster and cheaper. DXC is hitting the ground running on Day One – helping clients around the world make the transition into the insight economy.

Are you ready to join us?


Jerry Overton is a Data Scientist and Senior Principal in DXC’s Analytics group. He leads the strategy and development for DXCs Advanced Analytics, Artificial Intelligence and Internet of Things offerings.

Jerry is the author of the O’Reilly Media eBook “Going Pro in Data Science: What It Takes to Succeed as a Professional Data Scientist.” He teaches the Safari Live Online training course “Data Science at Enterprise Scale.”

Comments

  1. Tony Puerto says:

    Nice article Jerry! having started my career at the dawn of computing and riding on the waves of technology evolution for 45 years, I can certainly share the excitement. In my humble opinion we are about to go into hyperspace. It is good to be with DXC as we enter this new journey 😉

    Like

  2. I really like your article, very interesting and an easy read. Thanks!

    Like

  3. Great Article Jerry!! Very excited to be part of DXC… How can I contribute in Analytics offering in DXC from India. I have done 1 year certification in Data analytics.

    Liked by 1 person

    • Thanks so much for the feedback.

      For the Analytics group, our fearless leader, Martin Risau, sent a welcome email on day 1 of the DXC launch. If you haven’t already, take a look. That message explains ways to engage with the Analytics group and help us grow.

      Like

      • Saurav Mehta says:

        I am closely monitoring all the email for dxc and double checked again but couldn’t find any email from Martin Risau. when ever you get time can you please forward me that , it will be great help !! Thanks have a good day!

        Like

  4. Ajitha Mathews says:

    Gr8 Article, informative and exciting to know the way ahead! Proud to be a DXCian….

    Like

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