Modern initiatives are helping individuals predict and prepare for the future through vast access to information.
As data becomes an increasingly critical resource, new initiatives are providing open access to vast archives of public and private information.
When paired with sophisticated analytics tools, this data can be mined for fresh insights, improving in-the-moment decisions, contributing to novel innovations or helping predict and prepare for future outcomes.
Innovators
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Implications
- By tapping into previously unreleased data, researchers can uncover potential solutions to large-scale social and environmental issues.
- Releasing APIs spurs innovation on a societal level by enabling private and public inventors and entrepreneurs to analyze a larger pool of relevant research.
- By harnessing sophisticated analytics tools, governments can predict and plan for disruptive events with greater certainty, ultimately minimizing damage and saving lives.
1zettabyte is roughly a billion terabytes. The digital universe will grow from 3.2 zettabytes today to 40 zettabytes in 6 years.
Hadoop Summit, Hadoop, 2014.
12% Companies are only analyzing 12% of their data.
Big Data Hadoop Solutions Q1, Forrester, 2014.
85% of big data is unstructured, comprised of free-form text, audio and video, rather than neatly organized into recognizable fields.
The Disruptive Power Of Big Data, HPE, 2015.
49% of senior executives assert that the greatest benefit of using analytics is its improvements on decision-making. Another 16% believe that its greatest benefit is enabling key strategic initiatives.
The Analytics Advantage, Deloitte, 2013.
Examples
Helix
Startup analyzes DNA to offer insight into genetic risk for diseases, by comparing individual information to massive pool of data
Twinsat
Brain-reader optimizes learning time by measuring mental exertion required to learn something new
Crowdcrafting
Open source platform invites citizens, professionals and institutions to contribute human effort to scientific projects
Kinsa
Smart thermometer takes temperature and warns of local outbreaks