In an ecosystem that has become increasingly integrated with huge chunks of data and information traveling through the airwaves, Big Data has become irreplaceable for establishments.

From day-to-day business operations to detailed customer interactions, many ventures heavily invest in data sciences and data analysis  to find breakthroughs and marketable insights.

Plus, surviving in the current era, mandates taking informed decisions and surgical precision based on the projected forecast of current trends to retain profitability. Hence these days, data is revered as the most valuable resource.

According to a recent study by Sigma Computing , the world of Big Data is only projected to grow bigger, and by 2025 it is estimated that the global data-sphere will grow to reach 17.5 Zettabytes. FYI one Zettabyte is equal to 1 million Petabytes.

Moreover, the Big Data industry will be worth an estimate of $77 billion by 2023. Furthermore, the Banking sector generates unparalleled quantities of data, with the amount of data generated by the financial industry each second growing by 700% in 2021.

In light of this information, let’s take a quick look at some of the ways application monitoring can use Big Data, along with its growing importance and impact.

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