‘Big data’ seems to be the technical jargon making waves in the technology space today. Big data supporters are continuously making a case on how it can transform the way businesses operate today. The belief is that it can help pitch better business performance in the end. The Big data concept promises to “revolutionise our everyday lives.”
According to American multinational technology band consulting firm, IBM, every day, we create 2.5 quintillion bytes of data – so much that 90 per cent of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals, to name a few. This data is ‘big data’ indeed!
Big data is going to change the way we do things in the future – how we gain insight, and make decisions. The change isn’t going to be a replacement, rather it is a synergy and extension.
Okay, do you know what ‘Big Data’ is? For the purpose of this piece, let us start with a few working definitions.
The above is an excerpt from my post on the iPunch column of The Punch Newspaper titled “Big Data Adoption in Human Resources” which was published on June 6, 2014 both online and in print. Kindly read the online version of the post here and drop your comments. Cheers