Google Image Result for. Mining the web for 'big data' 29 October 2011Last updated at 10:24 By David Henderson BBC Scotland News Scientists are looking at new ways to perfect search engines on the web Mining so-called "big data" - huge masses of information on the web - is a challenge akin to looking for a needle in a gigantic haystack.
But some of computing science's brightest brains are on the case. Company - Report - Big data: The next frontier for innovation, competition, and productivity - May 2011. The amount of data in our world has been exploding, and analyzing large data sets—so-called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus, according to research by MGI and McKinsey's Business Technology Office.
Leaders in every sector will have to grapple with the implications of big data, not just a few data-oriented managers. The increasing volume and detail of information captured by enterprises, the rise of multimedia, social media, and the Internet of Things will fuel exponential growth in data for the foreseeable future.