Data is the new science. Big data holds the answers. Pat Gelsinger.
According to DOMO's report “Over 2.5 quintillion bytes of data are created every single day.
And by 2020 it is estimated that 1.17MB of data will be created every second for a person on Earth”.In the 21st century, data is the new currency.
Post COVID19 we will witness a new global order of data orientation which creates the significance of Big Data in the world.
So, let’s have a look what is big data all about? Big Data is a pool of large amount of data, which is structured or unstructured. With orientation and software techniques it can be managed efficiently for various useful purposes.
Big Data is characterized by Six V's-
In most of the countries of the world whether developed or developing has two broad great challenge in the upcoming post COVID19 world that is:
1) Vulnerability to health or health issues
2) Arising unemployment Does the big data has the answer for it? The answer is yes!
AETNA - Looks at patient results on a series of metabolic syndrome detecting tests assess patient risk factors and focus in treating one or two things that will have the most impact on improving their health. 90% of patients who didn’t have a previous visit with their doctor would benefit from screening and 60% would benefit from improving their adherence to their medicine regimen.
EVOVL- Helps large companies to make hiring and management decision through analytics. These two examples envisage how the post COVID19 world can be tackled efficiently. Now a question again arises, why only big data?
Firstly, the pandemic all over the world has tremored away the vibrant giant economies which needs immediate revival to normalcy.
Secondly, big data can play the role of game changer as being efficient and on time implementation of various projects by the government for example the accumulation of data who lost job in pandemic with skills to pursue so that they all can be arranged accordingly to work as per their skills.
Thirdly, it minimizes the leakages, misinformation and excludes human error.
Big data have scope in multidisciplinary fields such as security agencies aiding device, disaster management, economically calculating GDPs, financial data’s, environmental problems and many more.
Back to normalcy after COVID is challenging but with help of big data the world will be cognizable as a new efficient big data world.