Big data is a term that has been thrown around for a while now. And while data is indeed growing exponentially – 90% of the data that currently exists was created in just the last two years – big data is about more than volume. The Guardian brought this interesting information to our attention in their article, “The big data explosion sets us profound challenges – how can we keep up?”
The volume, variety and velocity of data is without a doubt unprecedented. This new data age could have far-reaching implications across all sectors of society and in all corners of the country – both positive and negative implications.
The UK government has designated big data as one of its ‘eight great technologies’ and allocated funding for its development in order to unlock economic growth for the country.
As more providers innovate to bring this technology to the masses, it will broaden the accessibility of big data beyond the enterprise, and dramatically accelerate time-to-insight for organizations of all sizes.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.