Today, we enter into the digital realm to see what happens every minute on the internet. The statistics are mind-boggling and put in perspective how scalable platforms have taken over the world:
The above info-graphic shows how truly important the element of scale is to business today.Google literally processes 2.4 million searches every minute. In that same span of time, 700,000 people login to Facebook and Amazon sells over $200,000 of physical and digital goods.
Platforms such as the ones listed above are comparable in magnitude to other mega-sized companies, but without the intense capital expenditures, debt, or hard costs. That’s why Alphabet, Google’s parent company, can spend over a billion dollars each year on “moonshots”, and why Facebook’s stock is up 35.6% over the last 52 weeks.
That’s a lot of data every minute, and this volume of information is part of the reason that these same companies are prioritizing the ability to process and interpret big data more than ever before.