Explosive growth: Big data development trends in 2027
In the business revolution, the representative of data is the big data market. Business guidance is no longer determined by experience, nor by the financial data that has since been widely adopted, but has evolved to the level of behavioral data analysis. The next generation of new technology layers are calculated via multiple latitudes and multiple systems.
The amount of data in the world is expanding and increasing without limit, driven by artificial intelligence, IoT, cloud computing and other technologies. According to statistics and projections by international authority Statista, the global data volume will reach 41ZB1 in 2019. Statistics show that nearly 90% of the world’s data will be produced in the next few years. Global data volumes are expected to increase tenfold from 16.1ZB in 2016 to 163ZB by 2025. (Note: ZB, ten trillion gigabytes.)
These data suggest that the corporate decision-making process will continue to be transmitted primarily through data analysis over the next decade. The current data market is inefficient and there are numerous intermediaries, which is why there are huge opportunities to build a decentralized big data market. Some studies suggest that only 5–10% of the data is exploited.
On the one hand, there is a huge demand from enterprises, and on the other hand, there is an explosion of global information data, so what we need to do is to realize the business platform of multiple requirements simultaneously. The tradable tokens using distributed ledger technology and representing the value of big data can be the best solution to overcome today’s market challenges.
Big data plays a positive role in promoting the upgrading of the industry. Meanwhile, the upgrading of the industry can supplement the big data industry and further produce more large and valuable data.
