Big Dat A Powerful Tool For Predicting Market, Politics, And Political Values Essay

Marc Kosciejew states in his article titled “The Perils of Big Data,” that, “Big Data can cause catastrophic miscalculations if the underlying data is poor, mis-analyzed, or used misleadingly or unwisely.” (34) This means that data is dangerous, if it is not kept to strict privacy laws. In this day and age, someone’s career can be lost due to a simple phrase that spread across the internet like wildfire. (Doughty) The leaking of data can have disastrous effects if said data is used for harmful intent. The chances of “personally identifiable information” increasing privacy concerns are raised when certain factors work together. (Sherer 10) Data has a way to prevent us from recognizing that something is not right with the information produced, because we are unknowingly held to the product of our data. (Kosciejew 34) Data is given a form of truth which it has not earned. (Kosciejew 34) Today, data is used to rule over our lives in ways that cause serious damage. This vulnerability is known as the “dictatorship of data.” (Kosciejew 34) Many people have lost

1) As big data is emphasized by more and more people, and the techniques and analytical

Big Data is garnering great recognition for its data-driven decision making methodology. Right from data acquisition where there is a flood of data available, we need to make effective decisions about usage of data. Privacy, scalability, complexity and timeliness are the problems that hinder the progress of Big Data.

Not only the development of Big Data brings big opportunities, but it also brings big

Over the past few years, the volume of data collected and stored by business and government organizations has exploded. This data are refer to as “big data”, as it is an evolving term that describes any voluminous amount of structured, semi-structured and unstructured data that has the potential to be mined for information. The big data is a by-product of everyday human activities on the web, the record of multiple dimensions of social life: the tracks of our purchases on automated payment system, the record logs of our queries for finding information on search engines; the record of social networking services of our connections to friends, colleagues and collaborators; the record traces of our movements on wireless networks and mobile devices. The societal benefits of big data include; breakthroughs in medicine, data security, and energy use, conversely it contains personal sensitive information, so that the opportunities of discovering knowledge increase with the risks of privacy violation. (Monreale et. al., 2014; Tene and Polonetsky, 2013).

There is a committee called the United Nations Global Pulse, which is dedicated to “harnessing big data for development and humanitarian action”.5 “Its vision is a future in which big data is harnessed safely and responsibly as a public good. Its mission is to accelerate discovery, development and scaled adoption of big data innovation for sustainable development and humanitarian action.”5. Global Pulse functions as innovation initiative that explores how big data and real-time analytics can help the advancement of the

What is big data? Big data is structured and unstructured data that is difficult to process using traditional database and software techniques. This is because of its extensive size. Big data ranges “from a few dozen terabytes to many petabytes of data in a single data set – and are constantly growing” (Hopp). A terabyte is equal to 1,024 gigabytes, while a petabyte is equal to 1,024 terabytes. A regular iPhone has 16 gigabytes, so a terabyte contains the same amount of digital storage as 64 iPhones, while a petabyte contains the same amount of digital storage as 65,536 iPhones! Structured data is in a fixed field within a record or file (usually databases or spreadsheets). Unstructured data is unorganized and hard to interpret by traditional databases or data models (like photos, webpages and emails). Structured data is a lot easier to work with and can be easily classified, so it is preferred in big data over unstructured data.

the way that Big Data have turned into the a piece of our lives and Big Data stows away in it the

Another issue privacy is associated with is when the era of Big Data has begun. According to boyd and Crawford’s article, “Computer scientists, physicists, economists, mathematicians, political scientists, bio-informaticists, sociologists, and many others are clamoring for access to the massive quantities of information produced by and about people, things, and their interactions (boyd 756). Utilizing Big Data can potentially help the world in so many ways, especially with the researches, where they believe, Big Data enables them to see things in bigger perspectives. Additionally, with this advanced technologies, Big Data made people’s life easier – that is, humanities and social academics, marketers, governmental organizations, educational institutions, and driven individuals can easily access, produce, share, and organize data (boyd 756). However, no matter how Big Data can help the society in different ways, it is questionable and debatable, predominantly the practices in social network sites such as Facebook and Twitter, as to who has the access to this data, how it is being utilized, and to what extent (757).

Industry is thriving to capture the flood of data present today. Every sector has millions trillions of data which is increasing with extreme velocity to be handled. Social media has been fueling up data growth exponentially. Although human race has been generating data for thousands of years but recent decade has put forward a new

• Building new products and services supplemented with Big Data analytics and privacy by design, developing products adapted to European privacy standards . The power and opportunity of big data applications used well, big data analysis can improve economic productivity, drive improved consumer and government services, prevent terrorists, and save lives. Examples include:

Big data is an extensive collection of structured and unstructured data. It is a modern day technology which is applied to store, manage and analyze data that are not possible to manage, store and analyze by using the commonly used software or tools. Since all of our daily tasks are overtaken by the modern technologies and all the businesses and organizations are using internet system to operate, the production of data has increased significantly in past

As an obvious fact, we have lots of data in various fields. Actually, it is estimated that the amount of useful data produced will be over 15 zettabytes by 2020, compared with 0.9 zettabytes in 2013. [IDC 's Study 1] This has led to an unavoidable challenge, however, data users have to figure out a way to properly store and effectively analyze the large-scale data.\

Data-mining and the concept of 'Big Data ' are ideas that have grown in popularity over the last three decades as technology has grown and expanded so rapidly. Iqbal Pittawala explains that “Big Data refers to a technology phenomenon that has arisen since the mid-1980s. As computers [improve], growing storage and processing capacities [provide] new and powerful ways to gain insight into the world by sifting through the infinite quantities of data available” (Pittalwala, 1). With the increase of the popularity of Big Data, we 've been able to discover trends in our society we had not noticed before. However, there is a danger in Big Data. While information is being collected on us, do we really know what is being done with it? Big Data can be used to discover valuable trends, but it can also become a violation of one 's personal privacy.

No matter where people are, computers watch them, and record data about their activities, first of all paying attention to what they see, read, look at or buy. People’s messages are partially listened, and sometimes even recorded. Today many companies sell, buy, and use personal information about their users. Those companies track people’s internet interactions and know almost everything about their online behavior: from their personal preferences in food, music, and cars to the health condition, phone numbers, and credit card numbers. Everything users do on the Internet - from the comments to tweets to a simple browsing - will never be erased from history. This is partly due to national security, for instance, to stop terrorism and detect criminal activities. But the main goal of this technology - just to get people to buy more things, make them a more efficient user. Data brokers make guesses about consumers and their interests based on other information they have, and then they make a list of consumers, which is sorted by interests, that way advertisers buy those lists and know which consumer is interested in what product. But is Big Data really that bad? And what can be done to regulate Big Data? People themselves should make the most important step towards the regulation of Big Data: prevent the further information leakage. And also, the government should think about establishing laws that concern Big Data.