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Exactly!
All we have right now is talk, more talk, and even more talk. What we don't have is a real world use case that validates the premise of the value of our data when we control it. Big data (IMO) is just that - lots of data. What it lacks is the context that
'Me' can add to it.
The first company to actually do that and generated real measurable value will set the stage for the next disruption on the web.
Peter
From: Katherine Warman Kern <
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Date: Thursday, September 26, 2013 4:24 AM To: Drummond Reed < "> > Cc: Mark Lizar < "> >, Joerg Resch < "> >, Kevin Cox < "> >, Luk Vervenne < "> >, ProjectVRM list < "> > Subject: [projectvrm] Where will value come from? What is missing is a demo of the value when the creator of the "data" controls it.
I put "data" in quotes because we are putting way too much emphasis on that word in the formula. "Data" is impersonal, raw, commodity-like, VALUELESS. The
Big Data industry wants to believe it has value by saying it does. For example, Comscore reports, "engagement went up 20%" when actual engagement is meaningless: .05% http://www.comradity.com/comradity/2013/09/splitting-hairs.html
K-
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