Historical Development of Big Data- After the 2000s

 

 Historical Development of Big Data- After the 2000s


We then looked into more present technology and the data sets that are collected and analysed today.
We watched an interesting video which explained how Big Data is utilised and collected in the modern world. History Of Big Data | Evolution Of Big Data | Big Data For Beginners | Big Data | Simplilearn


By the early 2000s, the World Wide Web had been developed and offered new methods for data collection and analysis. For example, Amazon and eBay began to record data from their customers, such as IP location, click rates, and search logs. This began the newer practicalities of data collection, which now include using Big Data to predict what a customer may be interested in buying next.

Companies such as Amazon, Meta, McDonald's, Netflix, Starbucks, Walmart, eBay, and Nike utilise Big Data for profitability. Other uses may involve NASA using Big Data to study the universe, cybersecurity firms using it to fight cybercrime, or the NHS using it to draw conclusions and trends on patients' health.

In 2008, it was estimated that 14.7 exabytes of new information were produced that year. By 2010, Eric Schmidt, the executive chairman of Google, said that the amount of data being created in two days was equal to the amount created from the beginning of human civilisation to the year 2003. 

From 2014 onward, there has been a sharp rise in mobile machines and smart devices. This allowed more digital data to be collected than ever before, with 88% of business executives reporting that Big Data analytics is a top priority for their business.



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