It's no secret that digitization has changed how we live our lives today. Most activities that we do online produce some kind of digital footprint, resulting in data production.
Have you ever realized how much data is produced each day?
With about 4.95 billion active Internet users globally, the amount of data produced daily exceeds the imagination. To help you grasp what this mind-boggling amount of data translates into, we have listed some statistics below that will change your perception of the world we live in — just a bit:
The New Standard for Collecting Data
Thanks to technological advancements, large databases can now be created easily. Collecting quality data is essential for identifying and validating issues, viewpoints, and assumptions that affect your business. It helps your company understand what your customers expect from you, what they want from you, and how they want to interact with your brand.
As a result, you should have a data collection system that you can easily add whenever you need data. Selecting and retrieving useful datasets from the internet's vast information streams is tough but valuable. New solutions can help you collect data more efficiently and maximize resources.
Web scraping is the most efficient way to collect data for corporate purposes or to solve long-standing problems. With the right web scraping guide, you can arrange your scraping parameters to just target a certain type of data. You can select from a variety of data types. You can simply collect qualitative and quantitative data for your research, academic needs, or business activity. You'll realize what you've been missing and how vital these tools are once you obtain them.
Key Data Growth Statistics
In-Depth Information on Data Creation in 2022
1. The total data generated globally in 2021 is anticipated at 79 zettabytes.
It was estimated that by 2021, the total amount of data created worldwide would reach 79 zettabytes. This is predicted to double by 2025. Currently, nearly 90% of all data in the world is replicated data, with only 10% being actual, new data.
2. Data interactions rose by 5000% between 2010 and 2020
Over the previous eleven years, the volume of data generated, captured, duplicated, and consumed globally has increased by about 5000 percent. The main effect has been a large increase in data usage, which has increased from 1.2 trillion gigabytes to 59 trillion gigabytes.
3. It would take around 181 million years for an internet user to download all data today.
(Source: Unicorn Insights)
In the present day, it would take around 181 million years for someone to download all of the data from the internet. In 2018, internet users spent around 2.8 million years online. Over 2.5 quintillion bytes are generated every day.
4. Every year, Google processes 1.2 trillion searches.
(Source: Internet Live Stats)
Google is currently the unchallenged leader in the field of Internet searches. Google is responsible for 1.2 trillion searches each year. Of course, Google didn't start with such outlandish figures. It never could, given the amount of data on the internet currently compared to the early 2000s.
5. In 2030, the number of IoT devices will reach 25.44 billion.
In 2019, there were only 7.74 billion connected devices. According to data growth figures, that number will triple by 2030. The key use cases for the technology in the consumer segment will be media devices such as smartphones.
As new gadgets and apps are invented, the amount of data generated will continue to grow dramatically. You now have a frame of reference to consider all of the data created every day. Using data correctly may help any business decrease inefficiencies, make better decisions, boost client retention, and generate more money. Not only that, but by collecting data ahead of your competitors, you can seize chances before they can react.