In recent years, organisations must make sense of an rapidly increasing wealth of data on their customers, competitors and other business operations. In this article, The Economist’s Kenneth Cukier looks at the possibilities and pitfalls of this explosion in information.
“All these examples tell the same story: that the world contains an unimaginably vast amount of digital information which is getting ever vaster ever more rapidly. This makes it possible to do many things that previously could not be done: spot business trends, prevent diseases, combat crime and so on. Managed well, the data can be used to unlock new sources of economic value, provide fresh insights into science and hold governments to account. But they are also creating a host of new problems.” [Read More]