Mining Big Data: Its Current Status and Future

Abstract

Organizations create 2.5 Quintilian bytes of data. So much that 90% of the data in the world today has been set up in the last two years alone. What is Big Data? Big Data is large volumes of structured and unstructured data. This data is what organizations collect on a daily basis. The amount of data is not the important part, but the information gathered from that data is the key. Collecting and analyzing Big Data gives organizations enhanced insight, decision making, and process automation. Approximately each one can agree that big data has taken the business world by storm, but what’s next?  Will data continue to grow?  What technologies will develop around it? Or will big data become a relic as quickly as the next trend — cognitive technology? Fast data? - appears on the horizon. I believe, am that big data is only going to get bigger and those companies that ignore it will be left further and further behind. This paper studies about what is big data, how does it helps organizations to extract information, its tools and technologies and its future.