{"id":583,"date":"2011-04-05T14:16:03","date_gmt":"2011-04-05T08:46:03","guid":{"rendered":"http:\/\/analyticstraining.com\/?p=583"},"modified":"2020-05-30T14:26:40","modified_gmt":"2020-05-30T08:56:40","slug":"the-data-flood","status":"publish","type":"post","link":"https:\/\/www.jigsawacademy.com\/the-data-flood\/","title":{"rendered":"The Data Flood"},"content":{"rendered":"<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"alignleft  wp-image-584\" title=\"data flood\" src=\"http:\/\/analyticstraining.com\/wp-content\/uploads\/2011\/04\/data-flood.jpg\" alt=\"\" width=\"335\" height=\"276\">The twenty first century will be known as the \u2018Age of data\u2019. Massive amounts of data is being generated, collected and analyzed all the time.<\/p>\n<p style=\"text-align: justify;\">Internet generates huge amounts of data every year. There are billions of pages on the web. Millions of emails are sent every day. A billion pieces of content (posts, photos etc.) are shared on Facebook every day. There are close to <span style=\"text-decoration: underline;\"><span style=\"color: 003300;\"><a href=\"http:\/\/analyticstraining.com\/2011\/sentiment-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer\">2 million tweets <\/a><\/span><\/span>every day. And this data flood is not restricted to just the Internet.<!--more--><\/p>\n<p style=\"text-align: justify;\">In astronomy, some of the large telescopes can produce 1 GB of information every second, that is 85 TB of data every day. That\u2019s a lot of data.<\/p>\n<div class=\"_form_3\"><\/div>\n<p><script src=\"https:\/\/jigsawacademy67103.activehosted.com\/f\/embed.php?id=3\" type=\"text\/javascript\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify;\">Businesses are another source of data generation. Every business transaction creates new data. When a consumer buys something from a store, when a subscriber makes a call, when a customer applies for a credit card \u2013 data is generated in all of these cases. Large companies like Wal-mart or AT&amp;T store hundreds of terabytes of information generated through their business. Banks, insurance companies, retailers, telecom companies, e-commerce sites, and pharmaceutical companies are all examples of businesses generating and using large amounts of data.<\/p>\n<p style=\"text-align: justify;\">This is a far cry from, say, 30 years ago. In 1981, a gigabyte of storage space would cost you close to <strong>INR 3 crores<\/strong>. No business would even dream of having terabytes of information at this cost. Today, most college students have hard disks with storage in terabytes, available for a few thousand rupees. While people focus on processing speeds and the fall in cost of processors, cost of data storage has seen an astonishing fall in the last 3 decades. This has truly enabled the data revolution.<\/p>\n<p style=\"text-align: justify;\">It is obvious that there is a huge amount of data being generated and stored. But what is the use of this? Obviously, most of this data is never going to be seen by the human eye.<\/p>\n<p style=\"text-align: justify;\">This is where analytics comes in. Analytics, with its blend of complex statistics and advanced computing power, has the power to churn through all of this data and generate insights \u2013 pieces of useful information that were previously unknown or hidden deep in the jungle of data.<\/p>\n<p style=\"text-align: justify;\">\u201c <span style=\"text-decoration: underline;\"><a href=\"http:\/\/analyticstraining.com\/2010\/starting-off-in-analytics\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to build a successful career in analytics<\/a><\/span>\u201d \u2013 This article explains what you need to do to build a successful analytics career.<\/p>\n<p style=\"text-align: justify;\">\u201c<span style=\"text-decoration: underline;\"><span style=\"color: #003300;\"><a href=\"http:\/\/analyticstraining.com\/2010\/books-on-analytics\/\" target=\"_blank\" rel=\"noopener noreferrer\">Books on analytics<\/a><\/span><\/span>\u201d lists some of the most useful reading material in this field.<\/p>\n<p style=\"text-align: justify;\">\u201c<span style=\"color: #003300;\"><span style=\"text-decoration: underline;\"><a href=\"http:\/\/analyticstraining.com\/2010\/career-in-analytics-in-a-kpo\/\" target=\"_blank\" rel=\"noopener noreferrer\">Career in analytics in a KPO<\/a><\/span><\/span>\u201d explains the typical career path in this industry.<\/p>\n<p style=\"text-align: justify;\">\u201c<span style=\"color: #003300;\"><span style=\"text-decoration: underline;\"><a href=\"http:\/\/analyticstraining.com\/2011\/10-most-popular-analytic-tools-in-business\/\" target=\"_blank\" rel=\"noopener\">10 most popular analytic tools in business<\/a><\/span><\/span>\u201d \u00a0provides a comparison of the most widely used tools in the analytics industry.<\/p>\n<div><em><strong>Interested in a career in Data Science?<\/strong><\/em><\/div>\n<div><\/div>\n<div>\n<div><em><em>To learn more about<strong>\u00a0Jigsaw\u2019s Data Science with SAS Course &#8211;\u00a0<a href=\"http:\/\/jigsawacademy.us3.list-manage.com\/track\/click?u=04f18588afa72136cc00176e4&amp;id=6462c3ee60&amp;e=8b6942fd51\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>.<\/strong><\/em><\/em><\/div>\n<div><em>To learn more about<strong>\u00a0Jigsaw\u2019s\u00a0<\/strong><strong>Data Science with R Course\u00a0&#8211;\u00a0<\/strong><strong><strong><a href=\"http:\/\/www.jigsawacademy.com\/r-analytics-training\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>.<\/strong><\/strong><\/em><\/div>\n<div><em>To learn more about<strong>\u00a0Jigsaw&#8217;s Big Data Course &#8211;\u00a0<a href=\"http:\/\/www.jigsawacademy.com\/big-data-specialist-wiley\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>.<\/strong><\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The twenty first century will be known as the \u2018Age of data\u2019. Massive amounts of data is being generated, collected and analyzed all the time. Internet generates huge amounts of data every year. There are billions of pages on the web. Millions of emails are sent every day. A billion pieces of content (posts, photos [&hellip;]<\/p>\n","protected":false},"author":105,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[530],"tags":[83,531,84,99,529,537],"form":[1499],"acf":[],"_links":{"self":[{"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/posts\/583"}],"collection":[{"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/comments?post=583"}],"version-history":[{"count":0,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/posts\/583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/media?parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/categories?post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/tags?post=583"},{"taxonomy":"form","embeddable":true,"href":"https:\/\/www.jigsawacademy.com\/wp-json\/wp\/v2\/form?post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}