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The era of big data won’t materialise without fast data

From Information Age

"Big data has become quite the buzzword as of late, and most people in the business world are at least somewhat familiar with the concept. Yet, relatively few are familiar with the term 'fast data'.

But they should be – size, after all, is only part of the equation. With data coming in at increasing speed from a growing number of sources – including mobile and wearable devices, sensors attached to equipment (ie, the Internet of Things), the cloud and social media – data has become more unwieldy than ever before.

Perhaps the reason that fast data has taken a backseat to big data in mainstream conversation is because the two are so conceptually intertwined that it’s assumed that one follows the other.

You might think that, as we’re able to collect more and more data, we’d also be able to process in tandem. However, in practice, this is not the case. Yes, organisations are amassing larger and larger datasets from a growing number of sources. However, the ability to process this data has not kept pace.”

Read more at Information Age


NCC Weekly News Update 5 January 2015

 

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