The sheer volume of data that is generated by analytic programs and devices is too large for traditional computation to manage. Big Data is a term that has been around for some time now but there is still confusion about what it actually is. The concept is continuing to evolve and to be reconsidered, as it remains the driving force behind many ongoing waves of digital transformation, including artificial intelligence, data science and the Internet of Things (IoT).
What can Big Data do?
This ever-growing stream sensor information, photographs, text, voice and video data, is the foundation of Big Data, which we can now use in ways that were not possible even a few years ago. Right now, Big Data projects are helping to:
While the use of big data will matter across sectors, some sectors are set for greater gains. Several issues will have to be addressed to capture the full potential of big data. Policies related to privacy, security, intellectual property, and even liability will need to be addressed in a big data world. Organizations need not only to put the right talent and technology in place but also structure workflows and incentives to optimize the use of big data. Access to data is critical—companies will increasingly need to integrate information from multiple data sources, often from third parties, and the incentives have to be in place to enable this.
- The ever-growing stream sensor information, photographs, text, voice and video data, is the foundation of Big Data
- Big Data projects are helping to Cure disease and prevent cancer, Cure disease and prevent cancer, Explore distant planets, Predict and respond to natural and man-made disasters, Prevent crime, Make our everyday lives easier and more convenient
- Policies related to privacy, security, intellectual property, and even liability will need to be addressed in a big data world
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