It seems that with the rise of the Big Data Revolution, data creation and data analysis is being utilized in almost every facet of our lives, our devices and our businesses.
Where is it likely to pop up next? The author of this article, Aleah Radovich predicts that it will soon be saving recruiters more than just time! Big Data can be utilized to find “…a match made in heaven.” Companies can identify the perfect candidates, and even candidates that may be more likely to accept an offer.
‘”People that watched ‘Skyfall’ were also interested in ‘The Bourne Identity.'”
We receive suggestions on what movies to watch, what we might like to listen to next and what we would like to buy. Five years ago, it was Amazon alone that used the recommendation system. Today, every company who is a somebody is using it.
So, what Amazon and Netflix do today, we may very well see human resources departments in every company doing tomorrow. The process has always relied upon referrals and recommendations, but now these recommendations are likely to come from our computer screens. We may statements like: Companies interested in Person X were also interested in Person Y.”
We all know Big Data is on the rise and has been making a big impact in just about every industry out there, but how much is the Big Data Industry worth? With Big Data infiltrating many different sectors, it can be expected that Big Data is worth a pretty penny. What about the up and coming technologies connected with Big Data? How much are Cognitive Computing or the IoT worth?
We live in a world that is ever changing, on the path to a more tech savvy population, we create a lot of data and rely heavily on many different devices daily. Because of this there are predictions that by 2020 Big Data will be worth $7 Billion. That is a lot of money, but it makes sense because Big Data is a very big industry.
What about other industries that are just emerging? Can we expect to see big things out of them? The answer is YES! Cognitive computing is quickly becoming a very popular and promising field. Cognitive computing will change the world in a very unique way, teaching computers cognitive thinking skills, forming more efficient versions of ourselves. This field is predicted to be worth $13 Billion by 2020.
The big kicker is the internet of things. IoT is a field that incorporates many different technological sectors to form an interconnected system of devices. The Internet of Things will change our daily living anywhere from the thermostat in our homes to our cars driving us to work. The IoT is though to be worth a whopping $7 Trillion by 2020!
To learn more about how this fields are connected,check out this article describing the interactions between different silos in the tech world.
The connected car is a symbol of the future, a car that can drive itself, speak to its driver or even prevent accidents. This is what we picture when we look towards cars of the next generation. This process has been in motion for many years including GM’s OnStar devices in their models that can call for help when a vehicle has been in an accident. Even though this technology has been around for over twenty years there is suddenly a push for a more sophisticated vehicle.
Ever since the emergence of the Internet of Things, machines we use on a daily basis are getting a face lift. Ever major technology company is racing to produce devices that will be used in what is called the “connected home”. The idea is that the technology we use will be able to communicate to one another, making our lives easier. Cars are a big part of this vision because the majority of the population uses them everyday. With the IoT vision, we will one day have cars that will be automatically started and warmed to our preferred temperature and will chauffeurus to our destination.
Toyota has announced that they are beginning to equip their vehicles with Data Communication Modules that will allow the car to send and receive data with the Toyota Big Data Center. With this technology, cars will be able to automatically send a distress call to emergency respondents with the vehicle’s location as soon as the airbag is deployed. This will allow victims of an accident to receive medical attention more quickly and hopefully prevent unknown accidents that often leave people stranded.
As Toyota and Ford begin to install Big Data devices into their cars, they are making huge strides towards the IoT. The more advanced cars are, the easier it will be to enhance them with receptors that can tell the car what to do and how to do it. With this sort of participation from some of the leaders in automotive technology, it won’t be long before we see the first “connected car”.
As a child I can remember watching the futuristic life of The Jetson’s on Saturday morning cartoons and thinking “wow that must be a long time from now!” But this is not necessarily the case. With the immersion of Big data and its widespread application, we are beginning to see “The Future” much more quickly than we expected.
Now that Big Data Analytics has been around long enough to no longer think of it as a magical, all knowing, wonder tool, companies are now used to Big Data and understand how to manage it. Big Data has become a mainstream, ordinary process in the work place. With Big Data being more manageable and easy to understand, it is now being applied to many different new and exciting projects. Big Data is being utilized in Artificial Intelligence, Natural Language Processing, and Machine Learning.
Artificial Intelligence is being developed in forms anywhere from robotics to the Internet of Things. Big Data is being heavily utilized in Natural Language Processing to enhance applications such as Apple’s Siri. Natural Language Processing is something we can expect to see a lot of a The Internet of Things continues to make a bigger presence. Machine Learning will make its mark as algorithms continue to be developed to ensure efficiency and minimal human intervention. Between these three sectors we are looking at the world of The Jetson’s being very near.
With Big Data continuing to make its mark in numerous different industries and the internet Of Things on the rise, what can we expect to see out of them in the future?
This time of year everyone starts to predict what the future will hold, what trends will be all the rage and whose products will be the most successful. It is pretty safe to say that Big Data will continue to be improved and utilized in more ways in the future. The Internet Of Things is definitely on the rise, but what can we expect from it in this upcoming year?
Almost every physical object can be connected to the internet.
We are racing forward to an era of hyper-connectivity. Objects now have the ability to communicate with each other, all using DATA!
The Internet of Things is happening now!
The Internet of Things (IoT) is a term that has been thrown around for a few years now, but many of us may still not fully understand what it means.
The IoT refers to a network of physical objects or “things” that have the capabilities to both collect and exchange any amount of data. They do this through a variety of software, electronics, sensors, and network connectivity.
So many devices that we own are connected to this “Internet of Things”, and we are using this network of data everyday to make our lives easier. This includes everything from cell phones, coffee makers, washing machines, headphones, wearable devices and almost anything else you can think of. If it has an on and off switch, then chances are good that it is connected to the IoT.
Now that more and more objects are connected to the IoT, those objects can all communicate to optimize day-to-day practices, create new opportunities, and save us money!
This is a great video looking at 7 bind-blowing facts of the Internet of Things.
“In 2008, there were already more objects connected to the internet than people.”
“The ATM was one of the first objects of the Internet of Things, dating back to 1974.”
“This year we will have 4.9 Billion connected things.”
“By 2020, we will have 6.1 Billion smartphone users.”
“The global market for wearable devices has grown 223% in 2015.”
“By 2020, a quarter of a billion vehicles will be connected to the internet.”
“All of these devices collect and transmit data, contributing to our Big Data world!”