Engineering faces a future of ever-increasing digital connectivity - - data from cellphones, computers, sensors, digital cameras, RFID readers, smart meters, and GPS devices. Not just ant hills of data - - but mountains of data from all over the planet. You, your car, your house - - we live in a world of data generation. We make data and it gets connected to someone or something in real time. Engineering needs to thing of individuals as personal data factories - - factories rich in economic outputs.
Our era of "Everything Is Making Data" fits nicely into the evolution of data. The evolution of data consists of three stages - -
- Descriptive - - What just happened?
- Predictive - - What might happen?
- Prescriptive - - What should happen?
Engineering ought to be going nuts over the opportunities embedded in exponential data generation growth combined with new tools for sorting - - new ways to analyze data in real time. Look for companies like
Splunk to make the tools that address the needs of the big data movement (this marketing slogan - - "Listen to your data" gets at the heart of the issue.
The McKinsey Global Institute has estimated global data generation to increase by 40% per year - - data generation as a grow industry.
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