LinkedIn’s article curation is improving very well in my case. What I particularly like is the dash of serendipity in the list. One of the articles I recently read was “Are we all being fooled by Big Data?” Though it is less to do with business per se and is skewed towards economic forecasting, it does make for a very interesting read.
Gartner’s 2013 Strategic Technology Trends has Strategic Big Data as one. In fact, I’d also add ‘The Internet of Things’, ‘In Memory Computing’ and ‘Actionable Analytics’ (also in the list) as related items, as a source, enabler and application respectively. While Big Data has been talked about for a while now, and has seen applications as well, I am not sure how accessible it is to the majority of organisations and brands. In essence, is it ‘mainstream’ enough? (I see organisations struggling to link existing data) Are there frameworks being built that will aid analysis and action across various functional domains – ways to nimbly access and use contextually relevant ‘packets’ from troves?
Probably 2013 is when we will see things moving. But there’s something about data that worries me. This has come from my own experience as well as from the things I have read/heard. And that’s where the organisation’s intent becomes important, because you can find data to validate most anything! This is all the more significant because with improving technology, the volumes of data will have the potential to help brands shift paradigms and disrupt the status quo. But it can also be used for strategic/tactical blunders. As the saying goes ”If you torture data long enough, it will confess to almost anything“
All of this reminds me of social media. The hype, the evangelism, the tools and so on. And just like social, Big Data has in it the ability to amplify the inherent nature of the enterprise.
until next time, think big