[LINK] ABC News: Some thoughts on Big Data

[Antony Barry]

Some thoughts on Big Data
Tue 14 Feb 12, 11:25am AEST
Dereck Daymond

Big Data is technology's hype phrase du jour, spoken about incessantly by analysts and the media. Every vendor seems to have a Big Data product, position or solution. But what is Big Data and does it mean in capital markets? First, let's look at the patterns in the Big Data talk from analysts and vendors. A large picture emerges that might not be clear from just looking at one analyst or vendor because each has its own area of focus. But after talking to participants in the financial service industry and reading an array of marketing content from many sources, I have concluded the following:1. Big Data is about lots of data. Buckets of it. 2. Big Data is about unstructured data. All the data that you can't be bothered putting into structured format - this is its new home! ...

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