Tuesday, May 15, 2012

Big Data

The next frontier for innovation, competition, and productivity

          Big data requires exceptional technologies to efficiently process large quantities of data within tolerable elapsed times.This has emerged because we are living in a society which makes increasing use of data intensive technologies.

           The amount of data in our world has been exploding, and analyzing large data sets so-called big data will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research.The use of big data will underpin new waves of productivity growth and consumer surplus.







 

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