New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.
Every day, people create 2.5 quintillion bytes of data- this astonishing rate means that 90% of the data in the world today was created in just the last two years!
Sources of data include mobile phones, tablets, the Internet of Things, and social media. Mobile technologies, in particular, have contributed to the growth of mobile data as new apps are created and used every day to to send text, make mobile payments, watch multimedia, or shop to name a few. These activities all leave a digital footprint-- big data that can be analyzed.
The graphic below illustrates recent global mobile data traffic growth by region and provides a forecast for the coming years:
A recent forecast by IDC supports these groth findings and states that the market for Big Data technology and services will grow at a 27% compound annual growth rate to $32.4 billion through 2017- this is about six times the growth rate of the overall information and communication technology (ICT) market.
Source: SciDevNet, "Big data for development: Facts and figures"