The Next Big Thing
Posts about next generation technologies and their effect on business.

The Calculus of Big Data

unlimited data.pngBig data has been a topic of conversation to the point where it is battling cloud as the buzzword of the year. The following article from ITBusinessEdge titled: Just the Stats: Big Numbers About Big Data provides numerous thought provoking bits of information about the current state of Big Data use in Retail, Healthcare as well as business in general.

 

There is more possibilities here than just the traditional perspective of the data itself. With all the computing capabilities there is much more that can be done with the abundance of data and computing. Opportunities exist in nearly every industry, both for static data as well as understanding the implications of data on the move --  turning data into the context needed to make decisions.

 

The speed and motion characteristics of data generation and transportation can be just as meaningful as the data payload itself. One of the places this is most evident today is in the social networking space, but within businesses similar metadata implication possibilities exist. Who is interested? Who is not? And what are they planning to do with the data, provides insight into the appetite of the organization – just like the derivative in mathematics is more meaningful for certain situations, predicting where objects will be.

 

Another very powerful aspect of the data is the relationship of the data to other data. What is collected at the same time and what can be derived from the relationship between the data? The shape of the data payload provides quite a bit of untapped context too.

 

We can analyze these new data and relationships in ways that were just not possible before.

 

The final interesting tangent I thought I’d mention is to merge the corporate data with data from other sources, like data.gov (which just turned 2 years old) and other large public data sets for analysis, in addition to internal systems that may have never had their data cross-pollinated. We have the computing and bandwidth capabilities, it is just our imaginations that are limited.

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