Top CEOs Share how Big Data Is Transforming Our Health, Wealth and Security

In his book Managing in the Next Society Peter Drucker explains the nature of transformation. The Industrial Revolution of the 1820s occurred 40 years after James Watt’s steam engine; and the railroad concept pioneered in 1829 became transformative in the 1860s, setting the stage for national expansion in America. We see this same time pattern in the growth of data of the past few decades where now, in 2012, 2.5 quintillion bytes of data are created every single day. In the simplest terms, the reason it’s now called big data is because of two new elements 1. no-SQL data utilizes parallel processing instead of sequenced processing, which dramatically escalates speed and 2. non-structured data includes blogs, emails, web logs and social media etc., which when added to traditional structured data dramatically escalates data volume.