Monday, June 04, 2012

The business of Big Data...


We all know it comes to information era, or information explosion era. Because of cheap storage, and new technologies, large amounts of data are available.  The business of Big Data is to search patterns and revelation among these data. It has become a multibillion-dollar industry in less than 10 years.

With growing at speed in social media, like facebook and twitter, it becomes feasible to identify individual personality, what does he like, where has he been, etc.  Although it is still very challenging to analyze tons of refreshed information daily, marketer still can make use of the information to target right customer, to promote right product, to grow the business.

The business in Big Data is very promising. In fact, many corporate spends tons of money to analyze its ever growing corporate data, hopes to find out the interesting thing about its customer, competitor to support corporate growth.  It seems a right industry if you want to start a startup.

For more information, http://bits.blogs.nytimes.com/2012/06/04/how-big-data-gets-real/

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