In the era of big data, large amounts of data affect our work, life and study, even national economic development. It provides a new way of thinking and approaches to analyze and solve problems, which gradually becomes a hot research. Based on describing the concept and characteristics of big data, this paper describes the development of technologies in big data analysis and storage and analyses the trends and different values in commercial applications, manufacturing, biomedical science and other applications. At last, the authors sum up the existent challenges of big data applications and put forward the view that we should deal with big data challenges correctly.