Who Is Mike Farrell? Consultant & 'New Economy' Entrepreneur
I'm Social!
  • Home
  • About Mike
  • What I Do
  • Articles
  • Education
  • Contact
  • Mike's Blog
  • What Others Are Saying

The World’s Nervous System

8/27/2013

0 Comments

 
If you want to know where the world is going, it is a good idea to know where technology is headed.

The best way to know where technology is headed is to understand Big Data.
Big Data is a term that has gained traction over the past year or two.  It is a shorthand way of describing the overall assemblage of all the data being collected and stored, everywhere, every day, covering just about everything.  In many respects, Big Data comprises a nervous system for the modern world.

What makes up Big Data? The best I can say is that it is comprised of mind-boggling arrays.  It is not your father’s database.  Just to start, think in terms of what the Internal Revenue Service knows about the incomes and spending habits of essentially every household in the nation.  Or what the Census Department knows about every aspect of national demographics.

Or consider what just your bank knows about your travel and spending patterns, based on your credit card purchases.  Or ponder the (very) personal consumer information that lurks within the card you use at the supermarket checkout line and how they incentivize you to use it by giving you a few cents per gallon off your gasoline purchases.

Big Data is all of this and much more. Look at the global success of Google, Facebook, or Amazon, with their billion and more users, all placing sensitive personal and financial information online.  With the right search engine, it is all entirely mineable for insight into all manner of things.

Indeed, President Obama’s reelection effort spent immense sums to acquire and access databases containing political rosters, magazine subscription lists, social and club memberships, personal websites, and much more.  The Obama campaign designed a Big Data-driven system of “personal” outreach, leading straight down to individual voters.  It is fair to say that President Obama won reelection because he convinced more people – one at a time, much of them electronically – to vote for him, via Big Data.

Looking ahead, what will Big Data mean to energy and resource investing?  That is a wide-open question.  Will energy or mining companies ever make use of the Big Data side of people’s personal information?  I would not dismiss the idea.

At the same time, the global array of Big Data includes more and more technical, geologic, geographic, and related information.  It is all out there, stored and increasingly accessible.

In and of itself, information is an asset.  It has value.  When information is accessible, it can be mined and interpreted.  Information is key to making good business decisions – using technology to improve overall return on investment.

In this fast-changing world, it is difficult to make hard predictions even a few years out.  Most businesses (and certainly most governments) don’t really know what is going to be required in two or three years. Prepare to be surprised.

It is very likely that the Big Data revolution will have a growing impact on business and personal productivity, including in the energy and resource investment space.  People are more and more willing to place data online, while there are more and better devices with which to do so, and access that data.  Big Data is becoming more and more integrated, and, or course, searchable.

Where are things headed? I suspect that with Big Data, we’ll be astonished.  I also suspect that we will be able to make some money off of it.

I trust this post has provided some background and evidence that now is a good time to benefit from investing in the fast growing players in the Big Data sector of the technology industry.

It is wise to monitor Big Data and the technology industry as there are truly exciting developments underway.  I will continue to monitor developments and provide updates in future articles and at my blog.

Finally, I want to thank Byron King of Outstanding Investments, published by Agora Financial, as he was the source of some of the materials about Big Data mentioned in this post.

In closing, be sure to Read More of my Posts, on my Internet Marketing blog at aspenIbiz BlackBox; Learn How to Get Self-Employed, at my HomeBizSocial website; Obtain Some Tips About Being No 1 on Google, at aspenIbiz My Go-To-Market Partners my Affiliate website; Learn How to be Savvy with Your Money Like the Insiders, ataspenIbiz The Conspiracy For Your Money blog, and How to Live Longer, at aspenIbiz My Life’s Advantage Todaysite.

If you can relate and are like-minded, be sure and join me here as it is a way to get back in the game …Passionate Professionals… Rebuilding Careers.

I Hope You Enjoy the Posts and I Trust You Will Find Them Insightful!  Let me Know What You Think.

Happy Reading and Here's to Your Success!

Please be sure to Retweet It, Like It, and share this post with anyone that you think would benefit from this message… thanks!
0 Comments



Leave a Reply.

    Mike Farrell

    Former rocket engineer and management consulant undergoing a "reset" to generate multiple income streams.



    Archives

    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    December 2012
    November 2012
    May 2012
    April 2012
    March 2012
    February 2012
    January 2012
    December 2011
    November 2011
    October 2011
    September 2011
    August 2011
    July 2011
    June 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    October 2009

    Categories

    All
    Alternative Energy
    American Express
    American Manufactures
    App Economy
    Aspenibiz
    B2b B2c Ecommerce
    Bandwidth
    Banking Electronic Wallets
    Being Thankful
    Big 4
    Big Data
    Biotech
    Breakthrough Technology
    Broadcasting
    Christmas Holiday Message
    Compound Interest
    Computer Touch Haptics
    Crowd Funding
    Cyberwarfare
    Deloitte
    Deloitte Big 4
    Digital Entrepreneur
    Dna
    Economic System
    Economy
    Electric Cars
    Entrepreneur
    Entrepreneurialism
    Executive Temping
    Experience Economy
    Fiber Optic Technology
    Financial Education
    Fireworks Independence Day
    Free Agent Entrepreneur
    Fuel Efficiency
    Future Of Humanity
    Giving Thanks
    Globalized Economy
    Hackers
    Halloween Costume
    Halloween Spending
    High-temperature Ceramic
    High Unemployment
    Home Based Business
    Information Marketing
    Initial Public Offering Ipo
    Innovation
    Internal-combustion Engine
    International Space Station
    Internet
    Internet Infrastructure Updates
    Internet Marketing
    Jobs Act
    Labor Day Weekend
    Life Liberty Happiness
    Lithography
    Low Confidence
    Make Money Online
    Management Consultant
    Manufacturing
    Mastercard
    Mike Farrell
    Mike Farrell Aspenibiz
    Millionaire Operating System
    Mobile Marketing
    Mobile Payments
    M.O.S.
    Nanotech
    Nanotechnology
    Nasa
    Natgas
    Nation Of Builders
    Natural Gas
    Next Generation Batteries
    Nuclear Power
    Oil Patch
    Paypal Amazon Google
    Recession
    Relationship Marketing
    Robotics
    Robots
    Santa
    Second Income
    Second Income Opportunity
    Semiconductory Industry
    Shale Gas
    Smartphone
    Smart Power Grid
    Space Exploration
    Space Program
    Space Technology
    Spacex
    Stuxnet
    Superconductors
    Television
    Thanksgiving Day
    Tradeum
    Venture Capital Vc
    Verticalnet
    Virgin Galactic
    Virtual World Technology
    Visa
    Wireless Network
    Wireless Networks
    Work From Home

    RSS Feed