Certain trends, such as ‘wearables’, get a lot of media
attention because of their obvious visibility and relevance to the man in the
street. Because of a small electronic bracelet on his wrist, a person can now
measure the number of steps he takes in a day, his sleep patterns, his heart
rate and a host of other data that always existed but simply didn’t resonate.
Showing posts with label Big Data. Show all posts
Showing posts with label Big Data. Show all posts
Monday, 11 January 2016
The Internet of Things is not about the Things.
First published in The Star, January 12, 2016
Monday, 23 February 2015
How Much Data Is Big Data?
In January 2015, I was invited to speak at a bank’s
Corporate day. The audience comprised
analysts from the Finance industry, drawn from various firms. Their normal job
is to look at company financials, speak to other analysts and industry pundits
and come up with pronouncements on the future performance of companies’
stocks.
Since the audience was not from the IT industry but have
been subjected to the blizzard of IT terms we in the industry carelessly toss
about, I thought I’d give them a layman’s perspective on two
frequently-encountered buzzwords: Big
Data and the IoT (Internet of things).
We talk a lot about Big Data as if we grew up with the
stuff, but in fact, the truth is far more interesting than this blasé attitude
suggests. There’s lots of data in the
world, and 90% of it was created in the last 2 years. You’ve probably heard
this before, but what you may not know is that that statement will be true in
2, 3, 5, years time from now and was true last year, and the year before that
and the year before.
Wednesday, 3 December 2014
What's Big Data?
First Published: The Star, (Malaysia) May 2014
What does “Big Data” mean? Is there a “Small Data?” Don’t
they mean “Lots of Data” rather than “Big Data?” And where’s it all coming
from? (I tell you, these IT folks are
just plain weird sometimes…)
Actually, “Big Data” sounds a lot better than “Plenty of
Data” or “Lots of Data”, both of which sound terribly mundane. “Data” is not very useful on its own, its
just a fact or a statistic, (for example, a single record of a toaster sale,
but data can become useful if we know how many toasters were sold, the
combination of colours, and where they were sold, for example, because then we
know which coloured toasters to make more of, or if our pricing is right.) At
this stage, our data has become “information” because it informs us, so in
effect, collections of facts or statistics, meaningless in themselves can be
organized or assembled to provide useful ‘information’.
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