Big Data: More than just a number?
Technology Untangled
Hewlett Packard Enterprise
5.0 • 69 Ratings
🗓️ 14 March 2023
⏱️ 45 minutes
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| 0:00.0 | Perhaps people wouldn't think that data analytics company focusing on vaccines and epidemiology |
| 0:10.7 | would be looking at the size of poultry farms, but that's another data set that we can |
| 0:15.5 | bring in to help understand the risk. |
| 0:19.5 | Big data. Yep. It's become a bit of a buzzword over the last few years, |
| 0:24.5 | hasn't it? And it can mean a lot of different things pending on who you ask. In essence, |
| 0:30.1 | though, it's taking a lot of information and using it to find insights that you didn't know |
| 0:35.7 | were there before. And where there's insights, there's |
| 0:40.1 | value. Sounds pretty simple, right? Well, not exactly. Because collecting a whole load of |
| 0:47.1 | information is one thing. Finding use for it, or at least using it, well, that's a different thing |
| 0:53.6 | altogether. And with humanity generating |
| 0:56.4 | 2.5 quintillion bytes of data per day, I promise that's a real number, and growing, knowing where |
| 1:04.3 | to look for the juicy bits takes skill. So, that's what we're going to be looking at today. |
| 1:11.2 | We're going to be lifting the lid on big data, chucking in some finely chopped information, |
| 1:17.5 | seasoning it with some expert opinion, and hoping a delightful, insightful stew comes out the other end. |
| 1:42.4 | Thank you. the other end. You're listening to Technology Untangled, a show which looks at the rapid evolution of technology and unravels the way it's changing our world. |
| 1:46.7 | I'm your host, Michael Bird. |
| 1:53.4 | Big data is big business. |
| 1:57.0 | Between 2018 and 2022, the global big data and business analytics market grew from $169 billion |
| 2:04.5 | to a predicted $274 billion. What qualifies as big data in the simplest terms has grown too. |
| 2:14.9 | In 1999, a one-gigabyte dataset would have been considered big data. |
| 2:20.3 | Nowadays, datasets can run into petabytes or even exabytes spread across multiple sources and formats. |
| 2:28.3 | But it's not just about how big your database is, it's what you do with it that counts. |
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