About Big Data
04 August 2014

August 3rd, EYIF Innovation Weekly Digest

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On big data. As a natural resource and its implications in business. Bob Picciano, senior vice president of IBM, writes: “like any natural resource, some data can be a commodity. It’s how it’s used in combination with other valuable information sources that can help you stand out in your profession or help your company become a leader in its industry (…) We need to learn how to use these tools to make sense of everything from hiring decisions to customer service issues, not simply to track what happened in the past, but why it happened, what’s likely to occur in the future and what’s the best course of action to take. So we can help figure out how to keep ahead of a new rival in a market or dig into why a high number of customer service calls are ending poorly”.

On big data, and its political implications. A long piece exploring the complexities of the ‘increasing trackability of everything’. “We can design better, optimize better, govern better, know better. The Surveillance Dividend boosts efficiency. It saves money. It extends lives. Its benefits are real. The right question to ask, then, is not whether the Surveillance Dividend allows us to govern better or know better. No, it’s to ask: better than what?”. Read the whole article in Faz.net.

On starting up. “The last 30 years has created a marvelous starting point, a solid platform to build truly great things. However the coolest stuff has not been invented yet — although this new greatness will not be more of the same-same that exists today. It will not be merely “better,” it will different, beyond, and other. But you knew that”, writes Kevin Kelly in Medium. “What you may not have realized is that today truly is a wide open frontier. It is the best time EVER in human history to begin. You are not late”. And there is nothing else to add.

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