Big Data: The New Soil for Innovation

“Data is the new oil”

This comparison of big data with oil has always been there, ever since big data came into limelight. It is considered that like oil, the more you extract from big data, the more you benefit.

Now look at this new statement:

“Data is the new soil”

This statement reflects the growth in the field of big data. From being used only for extracting information, it is now being used to explore new avenues. Big Data is now being used as a raw material from which new ideas can be generated and further processed into new products and services. Many examples of this were given at Sapphire Now, SAP’s annual user conference, where innovators demonstrated various fields in which they have started using big data sets to create unique products. Some of them are:

• Handle the short and medium term challenges that climate change creates
• Help “local spaces” understand what mobile customers want
• Provide shoppers with a contextual in-store experience
• Help companies create solutions and discover things like energy and profit leaks, make predictable promotions based on clustered buyer preferences

Thus, big data is now providing a new range of solutions to make our lives easier as well as better. To know more, read the following article by Virginia Backaitis, Senior Partner at Brilliant Leap, at cmswire.com:

http://www.cmswire.com/cms/big-data/is-data-the-new-soil-sapphirenow-029124.php