Money Morning Defense and Technology Specialist Michael A. Robinson has been saying how "Big Data" will deliver some of the best investments in technology that we've ever seen…
You see, by 2009, almost every midsized-to-large company in the U.S. economy was storing more than 200 terabytes of data. (A terabyte is about 1 trillion bytes, or 1,000 gigabytes, or 2 times the size of giant retailer Wal-Mart's data warehouse in 1999.)
Now it's 2013, and Big Data has grown exponentially. Companies are starting to find ways to harness this vast sea of information.
The good news for investors: You can still "get in" cheaply, since parts of Big Data are just starting to develop.
You don't have to just take our word for it…
Here are some more shocking numbers that show just how "big" Big Data is and how much it will reward investors who take advantage early…
Editor's Note: No other sector of the market creates more millionaires or billionaires than technology. And this is the fastest-moving " Big Data" technology we've ever seen. It's projected to grow 63,000% by 2017 and create $7 trillion in new wealth. Will you be able to capitalize on these windfall profits?
Big Data Really Is Huge
Take a look at these Big Data stats from 2012:
- More than 2.7 zettabytes of data existed in our digital universe last year. (A zettabyte of data is the total found in 62.5 billion iPhones – a stack that would go from the Earth past the moon.) That's a 48% gain from 2011.
- As a result of Big Data tools, in 2012 decoding the human genome took less than 7 days; it used to take 10 years.
- More than an estimated 5 billion people called, texted, tweeted, and browsed on mobile phones worldwide.
- 571 new websites were created every minute of the day.
- 100 terabytes of data was uploaded to Facebook (Nasdaq: FB) daily. (Fun fact: "tera" is Greek for monster, and the word "byte" was coined by Werner Buchholz in 1956. )
- The United States spent an estimated $83.2 billion on online ads; Big Data analytics will be huge for the ad industry because it will allow advertisers to see how customers research, shop, and interact with brands.
Now look at how those numbers translate into Big Data being one of the best investments in tech today…