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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Tags: Big Data, Big Data The Next Frontier for Innovation, Competitio, Competition and Productivity, Data Mining, Data set, Data Warehousing, Database, Innovation, McKinsey Global Institute, Openness and Standards, Productivity, Projects and Research, social network, Tool Vendors
Dr. Lea Shanley is the founder and former co-Chair of the Federal Community of Practice on Crowdsourcing and Citizen Science, a vibrant community of 200 federal employees from more than 35 agencies. She is also a co-founding member of the Citizen Science Association. Dr. Shanley recently served as a Presidential Innovation Fellow at NASA, where she helped to foster a culture of open innovation. Prior to this, she founded and directed the Commons Lab at the Wilson Center, served in the US Senate as a Congressional Science Fellow, and worked with local and tribal communities to develop GIS-based decision support systems for city planning, natural resource management, coastal management, and disaster response through the University of Wisconsin-Madison.
Disclaimer: This is a personal blog of links to relevant news, events, and reports, provided for educational purposes only. The opinions and views contained therein are those only of the authors of the original articles. These opinions do not necessarily reflect those of the editor of this blog or or associated organizations.
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