7 Ways Big Data Could Revolutionize Our Lives by 2020

7 WAYS BIG DATA COULD REVOLUTIONIZE LIFE BY 2020 With the evolution of the Internet has come a vast amount of data. In fact, IBM reported that 90% of the data in the world today was created in the last two years alone. Today, we create 2.5 quintillion bytes of data every day, and innovators are discovering ways to put that data to good use. The big data market is expected to be worth $50 billion by 2017, up from $5 billion in 2012. The manipulation of big data not only presents an opportunity to make a significant economic impact, but is also likely to revolutionize our lives. WEBSITES AND APPS WILL BE SAFER (AND MORE FUNCTIONAL) Big data can be used to identify and track fraudulent behavior to improve the security of websites. In 2012.. 63% of website owners Over 90% didn't notice 50 % discovered their site don't know they were any strange activity on their site. had been hacked when they visited it and received a browser or hacked. search engine warning. Experts predict that big data will bring better scalability and performance to security information and event management (SIEM) with the ability to analyze new types of data and increased analysis speed. sift science Founded by ex-Google engineers, Sift Science (SiftScience.com) fights fraud with large-scale machine learning -- systems that can learn from data to recognize patterns of fraudulent behavior based on past examples. Today, the system can detect up to 90% of the fraud happening on sites and services. Clients include: 90% listia arbnb UBER among other online marketplaces, payment networks, and e-commerce sites. 95% Another machine-learning program, MLSEC (MLSEC.org) uses supervised learning algorithms to identify networks that are home to malicious actors with a 95% accuracy EVERYONE COULD HAVE ACCESS TO HIGHER EDUCATION The U.S. has a talent gap issue. In 2012, it saw the highest number of job openings in nearly 4 years, while 22 million people were unemployed or underemployed. Yet, college tuition costs have been rising twice as quickly as healthcare costs and 4x more quickly than the Consumer Price Index. College Tuition Healthcare Costs Consumer Price Index Today, several online programs like Venture BigData Sursera Lab University Coursera.org Venture-labs.org BigDataUniversity.com Those programs are making courses from leading universities available for free. hadoop BigDataUniversity.com is using big data to teach big data, offering tutorials on how to utilize big data technologies like Hadoop. 3 LANDING A JOB WILL BECOME EASIER îndeed one search. all jobs. Indeed.com offers easy access 80 MILLION to some of the information it's 1.5 BILLION JOB UNIQUE VISITORS SEARCHES amassing on employers and job-seekers. PER MONTH PER MONTH For example, users can use Indeed's database to determine whether their skills are in demand, which markets are the most competitive, where employers are hiring for their skill sets, etc. 4 ROADS WILL BE SAFER Car accidents are the leading cause of death in people ages 16-19 in the U.S. 75% 75% of these accidents have nothing to do with drugs or alcohol. With big data, scientists and computers can make reasonable predictions on how cars and their drivers will behave on the road. Ford is developing Intel is working on technologies that allow cars to communicate through the exchange of Google's self-driving car vehicle-to-infrastructure takes the use of data in and vehicle-to-vehicle the auto industry to a systems that warn drivers of potentially hazardous traffic events, such as when a car is about to whole new level. data so drivers will be able to see 3 cars in front of, behind, and to each side of them at the same time. speed through a red light. WE'LL PREDICT THE FUTURE FOR SMARTER BUSINESS Organizations can now leverage more data from more sources to make rapid, more accurate assessments. hadoop Hadoop (hadoop.apache.org) is the open-source software platform that leading companies are using to analyze the mountains of data they're generating about user behavior and their own operations. ebY yelp Hadoop users include: facebook. Market research firm IDC $813 predicts that Hadoop will be worth $813 million in 2016, although that number is likely very low. Million Recorded Future UNLOCK THE PREDICTIVE POWER OF THE WEB Recorded Future (Recorded Future.com) helps businesses anticipate risks and capitalize on opportunities through clever algorithms that unlock predictive signals from web chatter. DATATORRENT Enterprises that generate continuous streams of large unstructured data can use DataTorrent (DataTorrent.com) to process, monitor, analyze, and act on it. Data can also be mined to improve customer service and user experience by monitoring usage trends. WE'LL PREDICT THE WEATHER & PROTECT THE ENVIRONMENT Every mile of shoreline evacuated results in a cost of about $1 million. 99 climate and weather-related events caused $726 billion in damages 1980 2010 The Joint Polar Satellite Mission launching in 2018 will use sensor technology and data to forecast the path of hurricanes and storms with improved substantially, allowing for better planning. IBM's Deep Thunder division uses big data weather modeling to predict near-term events for clients in a range of industries including utilities, transportation and agriculture, and municipal governments. Deep Thunder is heading a project in Rio de Janeiro to better anticipate flooding and predict where mudslides might be triggered by severe storms. 42 EarthRisk Technologies (EarthRiskTech.com) has developed a new model for predicting the weather up to 42 days in advance. Data analytics is being used to fight environmental crime, from tracking the illegal trading of hazardous substances to uncovering the trade of endangered big cats such as tigers in Asia. HEALTHCARE WILL BE MORE EFFICIENT, EFFECTIVE & CUSTOMIZED $300B 50-70% Today, 80% of medical data is unstructured and clinically relevant. 50-70% of all innovations If the U.S. healthcare depend at least in part on the capture or integration of customers' own data, rather than purely outside-in analytics. industry used big data creatively and effectively to drive efficiency and quality, the sector could create more than $300 billion in value every year. Beth Israel Deaconess Medical Center in Boston is rolling out a smartphone app that gives caregivers self-service access to 200 million data points about 2 million patients. Asthmapolis mHealthCoach Rise Health Asthmapolis merges inhaler usage data collected mHealthCoach leverages data to support patients on chronic care medication Rise Health takes the wealth of patient data available and aligns it with the goals of each provider to improve healthcare in all dimensions and create new via a GPS-enabled tracker through an interactive system. with CDC information to help physicians develop personalized treatment plans and spot prevention opportunities. insights. Is losting This? Sources: blog.hbr.org, blog.linkedin.com, blog.startupprofessionals.com, cio.com, cnbc.com, darkreading.com, forbes.com, foreignpolicy.com, gigaom.com, informationweek.com, mckinsey.com, newswatch.com, recordedfuture.com, techcrunch.com, ted.com, venturebeat.com, zdnet.com