Future of big data “Everything is touched by data is going to be improving and is going to give a value”.
Bid data is not big anymore. It is massive, huge, and mammoth. Future of big data will be all about developing technology to manage and more specifically to analyze big data. We all know that information and data are the basis of any commercial enterprise, and it is crucial to know how to get value out of big data and how to turn volume into value. There is no way that data will stop be generated. Data will still grow larger and faster as long as mobile and internet devices are expected to grow in the coming years.
In the future of big data, we hope that machine learning will assist in data preparation and predictive analysis. Organizations will be no longer focus on analytics tools. Instead, they will put emphasis on machine learning to take a step further in analyzing data and predict insights for making business decisions. Data as a service is expecting to be popular in the future. Organizations will attempt to analyze their data for business insights in order to monetize their data.
Algorithm market will increase. Organizations will try all the possible ways to make analyzing data easier. Businesses would purchase algorithms instead of programming them and adding their own data. Therefore, algorithm markets will cater to this need.
In the future, all businesses are going to understand how they can become a platform for the collection and the analysis of data. They will be optimizing everything people do on society by collecting more information and learn from it. Every data generated by the internet users or any connected devices will be collected because there will be a value in this data that is linked to a new economic input or a new approach to business. Everything is touched by data is going to be improving and is going to give a value.
In terms of medical industry, the future of big data is promising in improving personalized medicine. Sam Madsen explained that when he said, by looking at the unique say a genetic makeup of each individual, we can understand the treatments that are going to be most effective for each individual. That can be done by comparing, for example, your genetics to every other person who has come into the hospital and received treatments and finding the once that is similar to your genetic. Moreover, by finding the medicine that has been the most effective for that person that his or her genetic is similar to yours, we may be able to personalize the delivery of the medicine for you in the future.
Big data is going to get bigger than it is today, and companies must start thinking about how they can embrace it Robert J. Abate when he said in his article 25 predictions about the future of big data that data is going to become the next global currency and is already being globally monetized by corporations.
Every time we use the internet and sign up for a website’s feeds we give data about us, and this data is going to be collected and analyzed for better use if the website in the future. Again the idea of big data in the future is how turn volume into value.