How data science will create a new future in the years to come

Today, we are living at a time when the generation and consumption of vast amounts of information have become a part of our everyday lives, all over the world. It is not only we, cell-phone-wielding humans, who are creating data and information, but also, billions of devices that pervade all aspects of our lives. This includes everything from industrial equipment, to medical devices, household appliances, ATM and POS machines, weather monitoring devices, ubiquitous CCTV cameras, biometric devices, and more. In fact, on an average, we create as much as 2.5 quintillion bytes of data, every day, with 90 per cent of the existing data in the world having been generated within only the last three years.