Definition of virtuous circle (noun):a chain of events in which one desirable occurrence leads to another which further promotes the first occurrence and so on resulting in a continuous process of improvement (Merriam-Webster)You might have seen “data is exploding” stats before, but they are so staggering—they’re worth showing you again:180 zettabytes: Research firm IDC’s estimate of annual data creation and replication by 2025, an increase of 123ZB over 2020 (a 23% CAGR)
$8 trillion: The value of global data estimated by The Economist, which also estimates that the value of all data in the United States is approximately $2 trillion.
33%: The premium in price-to-earnings ratios realized by companies that capture the expanding value of their data, according to Accenture.
The important question now is, what do we do with all this data?To read this article in full, please click her
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