The last few years have seen an astronomical increase in the amount of data being created, stored, and shared. According to the IDC, 64.2 zettabytes of data were created or replicated in 2020 largely due to the dramatic increase in the number of people staying home for work, school, and entertainment. The firm also projects the amount of digital data created over the next five years will be greater than twice the amount of data created since the advent of digital storage.
Yet, despite more data being created than ever before, the advancement of data analytics to make real use of this data has plateaued. Three main challenges drive this:
