At some enterprise organizations the volume of data is growing by 35% to 50% every year (Beath, Becerra-Fernandez, Ross, & Short, 2012). The Web has also become a new source of information consisting of hyper-linked documents, email, and social sites like Facebook (Davenport, Barth, & Bean, (2012).
And it is growing. About 90% of the world’s data was created in the last two years and there will be 44 times more of it by the year 2020 (Gobble, 2013, p. 64). All this big data has to be filtered, sorted, processed, stored, and protected. The information explosion has created both business opportunities and problems for organizations. But how are organizations managing the information explosion?
The volume of data at organizations is growing – data from social media streams, digital images, banking and financial records, sensors, GPS and many other external sources (Gobble, 2013). The Web has also become a large repository of information consisting of hyper-linked documents and social sites like Facebook (Davenport et al, 2012).
As organizations invest more in Enterprise Resource Planning (ERP) systems, Customer Relationship Management (CRM) systems, and other kinds of technology the amount of internal data that is associated with those transactions are multiplying (Beath, et al, 2012).
The volume of data that is produced and shared by organizations is growing at a faster pace than ever before (Carr, 2008). The managing of this information in the past did create some challenges. But what was considered a lot of data in the past is nothing compared to the amount data now which is measured in terabytes and petabytes.
Many connected devices ranging from desktop computers to smartphones to sensor devices to streaming video cameras, and many other sources generate a great deal of structured and unstructured data ( Das & Kumar, 2013). Unstructured data is variable by nature and comes in different formats including text, images and video. Unstructured data is growing at a faster rate them structured data and will account for at least 90% of all data created in the next ten years (p.153).
The information explosion has become a valuable source of business information (Chen, Chau, & Li, 2011). A sizeable number of customers now have the chance to express their opinions and share valuable experience directly using the various online collaboration tools (like Facebook). It is thus important that organizations collect and analyze any customer related. In the next post we will take data including structured data.

By Ken

I been in the industry for around 30 years. There have been many changes since I started as an Electronics Tech. I have witnessed technology change from using magnetic tapes to load programs to where we are at now. I really feel blessed to have been part of the change. I have worked for many companies most of them start-ups in the San Jose area. My education includes a BS in Internet Security and a Masters in IT project management. I love showing others how to use technology.

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