Big Data: Seeing the Future
I think many of us are naive about data, it's stored, it takes space and there's a lot of it. But it's how we use these nebulas of code and information that intrigues me. The idea of prediction based of results from analyzed and sifted data is exceptional, predicting crime hotspots based of countless accounts of activity on the internet, predicting sickness in areas, predicting stock prices and advertising, Big Data is making it easy, set the algorithms, and let the machine do the work, what it spits back out is likely extremely valuable information which is aiding almost every aspect of human life.
What's more about Big Data is the fact that it's simply not disappearing anytime soon, the internet will continue to grow and prosper, harboring more and more useful information which, It will be interesting to note the role Big Data plays 10 or 20 years from now. As technology and medical knowledge advances it naturally becomes digital, and with algorithms sifting through this information and making connections it's likely cures and innovation will come from it. If we cast aside the wonders Big Data is doing for economies, big businesses and irritable advertising we can all agree that Big Data is a very good thing. It's also interesting to look at the value of data itself, Big Data is almost a currency in itself. Imagine companies selling their clumps of data to other companies, where they subsequently sift through it for diamonds, a crazy concept.
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Liam Devonshire
References
Woodford, Darryl, Katie Prowd and Axel Bruns. (n.d.). “Telemetrics: Towards Measuring Social Media Engagement with Television.” Accessed May 10, 2014. http://blackboard.qut.edu.au/bbcswebdav/pid-5234702-dt-content-rid-2118244_1/courses/KCB206_14se1/Woodford%2C%20Prowd%20and%20Bruns%20-%20Telemetrics%20Towards%20Measuring%20Social%20Media%20Engagement%20with%20Television.pdf
Eggers, W, Hamill, R 2013 "Data as the New Currency". Accessed May 3, 2014 http://d2mtr37y39tpbu.cloudfront.net/wp-content/uploads/2013/07/DR13_data_as_the_new_currency2.pdf



















