Recognizing the “Big Data” Problem

Companies need data scientists to provide them insight and direction of structured dataWe live in a world practically drowning in data. As Co-founder and Co-director of the MIT Initiative on the Digital Economy, Andrew MacAfee once said, “The world is one big data problem.”Indeed, people who have been in business for at least a decade, can see a distinct change in their careers Before Big Data (BBD) and After Big Data (ABD). In early times before the advent of the Internet, data in companies came from mostly internal sources, and was inevitably small and simply structured. In addition, analysts were focused more on collecting and preparing data, than actually analyzing and providing insight. Data analysis was significantly limited during this time, up until around 2009.As Craig James Mundie, Senior Advisor to the CEO at Microsoft, said, data was gradually becoming “the new raw material of business.” It was around 2010, that the world, in general, began to notice the coming to being of “big data.” The term “big data” was forged by technology expert, Roger Magoulas back in 2005 , to describe a variety of massive, complex data sets almost impossible to manage and process with traditional data ...


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