Data is everywhere, in fact, the amount of digital data that exists is growing at a rapid rate, and they are changing the way we live. Some studies show that data is growing faster than ever before and by the year 2020 about 1.7 megabytes of new data will be created every second for every human being on the earth.
What makes data valuable? Is it the source? Is it the quantity? Is it the format? No, I think it is the value of the data which depends on what you do with it. Therefore; managing your data is the first step toward handling the large volume of data, both structured and unstructured, that floods businesses daily. Since data is available, and easy to be collected, the real challenge is how it been managed.
Whether you know it or not, everything you do produces data. Before not too long ago, most of the data you produced wasn’t collected, it was so expensive and time-consuming, but over the last two decades, with the help of the internet, media, communications, and the social media, it becomes easier and cheaper.
