How Big Data Becomes Smart Data
Not so long ago, it took ten years of data processing to sequence a single human genome; now the task can be accomplished in less than a week. What’s more, the cost of this feat has been divided by a factor of 10,000 since 2001, according to the National Human Genome Research Institute—100 times the rate predicted by Moore’s Law.
Data is easier to collect, simpler to store, more convenient to share, faster to transmit and less expensive to manage than at any time in human history. Gaining true insight from data, however, is still a work in progress. It’s one thing to review a set of data—even terabytes of data—but quite another to gain the deep understanding from it necessary to solve a particular problem.
via SmartData Collective.