21
May

Big Bang For Big Data?

From the current issue of the Economist in reference to the ongoing Big Data wave and its interconnection to the ever present Innovation Acceleration wave:

“Making official data public could spur lots of innovation”

“On May 9th Barack Obama ordered that all data created or collected by America’s federal government must be made available free to the public, unless this would violate privacy, confidentiality or security. “Open and machine-readable”, the president said, is “the new default for government information.””

“This is a big bang for big data, and will spur a frenzy of activity.”

“Over the next few months federal agencies must make an inventory of their data and prioritize their release.”

“In Europe the information held by governments could be used to generate an estimated €140 billion ($180 billion) a year.”

See more here: The New Gold Mine

Related:

Big Data for WHEN?

 

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