How Technology Is Helping To Handle The Data Dilemma

How do businesses extract knowledge from the 175 zettabytes of worldwide data that IDC estimates (via Network World) we'll be reaching by 2025? With the technology available to capture and store it all, the challenge remains how to turn this glut of data into useful information from which we can extract accurate insights that lead to the wisdom required to make great decisions. How valuable is this information? We'll look to IDC (via Deloitte) once again: It's worth a mind-boggling $ 430 billion, and by 2020, organizations that deliver actionable insights from unstructured data will result in significant productivity gains over their competitors. As much as $ 2 billion would be the average revenue boost annually if companies found a way to increase data usability by just 10%.