Mining of Raw Data May Bring New Productivity, a Study Says

By Steve Lohr, NYT, May 13, 2011

…The quantity of business data doubles every 1.2 years, by one estimate. Mining and analyzing these big new data sets can open the door to a new wave of innovation, accelerating productivity and economic growth. …The next stage, they say, will exploit Internet-scale data sets to discover new businesses and predict consumer behavior and market shifts. …

For full text of the article, visit Mining of Raw Data May Bring New Productivity, a Study Says – NYTimes.com. The McKinsey Global Institute will release a report today titled “Big Data: The Next Frontier for Innovation, Competition and Productivity.”

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