According to seed scientific the amount of data created globally each day is around 463 EXABYTES of data, to better put that into perspective that’s about 497 Billion GIGABYTES of data, so with so much data being produced, what happens to the data and where is it being produced from?
Ordinarily, when people define data it is usually defined to be “facts and statistics collected together for reference or analysis” or going by a more technical definition it could be “the quantities, characters, or symbols on which operations are performed by a computer”, but what exactly does that mean and how does it get produced in the world of today?
Data is anything that can be observed and recorded. It can be something as simple as the weather conditions for a particular day or it might be more complex, like sales figures for a company. The important thing is that data can be analyzed to reveal trends and patterns.
There are many sources of data in the world today. Some of the most common sources are surveys, observational studies, and experiments. However, data can also come from more unusual sources, such as social media posts or satellite images.
One of the most important things to remember about data is that it is never perfect. There will always be some error or bias in any dataset. This is why it is important to use multiple sources of data whenever possible.
Despite the imperfections, data is an incredibly powerful tool. It can be used to improve our understanding of the world and make better decisions. For example, data can be used to track the spread of a disease, optimize traffic flows, or predict consumer behavior.
The possibilities are endless. With the right tools and techniques, data can be used to improve our lives in ways we never thought possible.
