This will become increasingly important as connected devices and sensors proliferate, causing an exponential growth in data — and a commensurate growth in opportunity to exploit the data.
Now, even the most conservative estimates (see chart) forecast a vertiginous growth in data traffic.
Experts predict that by 2020, there will be a 42 x) growth in data from 2009.
Over the past 10 years, we've seen a 4,000X growth in data usage.
"We live in a time when digital technology is transforming our lives, businesses and the world, but also generating an exponential growth in data and information," said Satya Nadella, CEO, Microsoft in a statement.
These new methodologies go hand in hand with an exponential growth in data volumes and rates - petabyte scale data collections and terabyte/sec.
The aftermath of the terror attacks was marked by an extraordinary growth in data gathering and surveillance powers by federal law enforcement and intelligence agencies.
Ithiel de Sola Pool, a professor at the Massachusetts Institute of Technology, determined that from 1960 to '77 there had been a 9percentt annual growth in data made available through television, periodicals, radio, telephone calls, mail, fax and telexes - but only a 3percentt growth in data consumed.
IBM long ago left behind its identity as a computer manufacturer, but it sees a big new target for growth in data analytics, an arm the company launched in the spring with plans for an eventual 4,000 employees.
With such a growth rate in data production, the challenge faced by the machine learning community is how to best efficiently process and learn from big data.
