The volume of digital information is increasing at a staggering rate. In 2013, 90% of all the data in the world had been generated in the preceding two years. Forecasts suggest that by 2020, there will be as many bits in the digital universe as there are stars in the physical universe. This interesting information came from The Interpreter in their article, “The transformative potential of big data.”
This exponential growth in data combined with increased computational power and storage capacity has enabled advanced analysis. Big data analytics provides an opportunity for transformation in the world.
The other side of the data explosion is security and privacy. It’s often not clear where the data you have created or that is collected about you is used, stored, and what consent you have given for its further use.
We are not only identified by our name, address and birth date, but also our behavior. This is where social media data can be used and abused.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.