The Future of Big Data

There’s an expanding amount of “digital exhaust” in our connected world, being created in every moment from various types of activities.  Have you ever thought how this data may impact us in the future?  Take a look:

What Generates Data?

Big Data is generated in many ways, including internet browsing, moving around with your smartphone, sensors in soil, sensors in pallets of products, sensors in pet collars, oceans, gambling casino chips, etc.

Why is Big Data Important?

In March 2012, the White House Office of Science and Technology Policy announced that six U.S. government agencies would spend $200 million to help the government organize and analyze data.  Government leaders, Health officials, Scientists, Corporate leaders and Education specialist are curious to see if analyzing this data can help disclose what they buy, how people behave and how they may respond to products, services and programs.

How is Big Data Useful?

Big Data creates transparency that can be used to increase efficiency and allows better analysis of employee and systems performances.  It creates innovative business models, products and services.  With automated algorithms, it can also replace and support human decision making.

Concerns About Big Data

It seems the main concern regarding Big Data is privacy; more and more data is collected, knowingly and unknowningly, about people.  Being that the data collected is considered to be poorly organized, it can make it difficult to analyze.

What’s the Future of Big Data?

A group was surveyed to find out which scenario they believed to be more probable for Big Data:

53% agreed with the scenario that: Big Data are drawn together in ways that will improve social, political and economic intelligence.

39% agreed with the scenario that: Big Data could cause more problems than it can solve between now and 2020.