By Daniel Kobialka
Several major technology firms are embracing Big Data, which presents both challenges and opportunities for these businesses.
The New York Times notes that Big Data is a collection of information received from a variety of sources, including connected devices and massive cloud computing centers. Computers help companies identify patterns and trends in data produced every day.
“Everything in the world is generating data,” said David Smith, a senior analyst with technology research firm Gartner. “Microsoft has so many points of presence, with Windows, Internet Explorer, Skype, Bing and other things, that [the company] could do a lot. Analyzing vast amounts of data could be a big business for them.”
Microsoft is leading the push to analyze data, but it is merely one of many companies that is developing innovative programs and software. Hewlett-Packard, IBM and Oracle are some of the businesses that plan to introduce Big Data into their products.
In addition, Forbes Magazine reports that Big Data is affecting legal professionals. Officials with many technology corporations consult attorneys to learn how to handle Big Data.
“Sending data to different platforms, figuring out what the data means, who’s doing what, who’s tracking it…the rules are still being worked out and are evolving,” said Ken Freifach, an attorney at Zwillgen PLLC, a law firm specializing in data and security. “There have always been law practices that have addressed data privacy. But there’s this new area of practice, Big Data, that in the last year or two addresses the evolution of how data is being used. It’ s changing quickly.”