The Strategist

Intel forecasts further growth of big data analysis

07/08/2019 - 11:51

The big data market is primarily lacking awareness of how important it is to analyze data, said Vice President and general manager of global product sales for data centers at Intel Sales and Marketing business group Rose Schooler.

According to Intel, now only 2% of the generated data is analyzed. At the same time, every inhabitant of the Earth by 2020 will generate 1.7 MB of data per second due to the growing consumption of digital services. Also, there are data from approximately 200 billion digital devices in everyday life and various industries, the company predicts.

This data can be used for everything, be it regulation of electricity consumption or city traffic, effective optimization of the health care system and scheduling of enterprises work. Information analysis can answer thousands of questions that are asked both by society and by business, Schooler said. Also, analyzing the information can help save taxpayers money and increase profits for companies of all sizes, she added.

According to her, the need for data analysis will only grow. It is expected that generation of new data will increase by 25% annually. This leads to an increase in consumer requests in networks, computing facilities and resources for storing information. There is another tendency, the transfer of calculations from the center to the periphery, that is, the greater distribution of smart devices.

Another technology that is extremely important in the era of vast amounts of data is artificial intelligence (AI). It has gone beyond the elite field of scientific knowledge, and today these technologies find their application in business around the world, said Intel Vice President.