Government Must Improve Big Data to Realize Savings
– Burn-Murdoch (2012)
Can the public sector keep up or will it miss out on Big Data opportunities? Big Data collection and analysis has proven to be an economic asset for the public sector in both the US and Australia, allowing for cost-effective detection of tax evasion and health care provision. The UK is weary of being left behind, and many are eager to embrace this culture of change. It can be challenging to determine the areas where big data should be put to use and to train staff on best practices and tools. For those who are skilled professionals in knowledge management and big data, get ready for contract offers from the public sector.
5 Ways Big Data is Changing the World
- Data as a Deadly Weapon: leveraging mass amounts of data has become a major component for military intelligence, development, and strategy. Governments are investing in software that is better equipped to deal with the mass amounts of data being collected.
- Saving the Earth: massive sets of data can help us to better understand environmental shifts, and to plan for future threats.
- Watching you Shop: collecting information on shoppers habits, whether it be purchases or simply how they navigate through a store, companies are better able to anticipate what we’ll buy and what we’ll want to buy tomorrow.
- Scientific Research in Overdrive: Modern methods of data collection are more more efficient and cost effective, paving the way for innovation and discovery.
- Big data, Bigger Privacy Concerns: Every time you search, every time you visit a website, this information may be recorded and solid. Collecting data on users’ online activity brings up serious privacy concerns.