Video: The Value Of Big Data

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Big Data could be worth £216 billion in the UK, create 58,000 jobs over the next five years, says research

Big Data consists of data sets that grow so large and complex that they become awkward to work with using traditional database management tools. In this day and age, petabytes and exabytes of data are collected every day by various organisations. The potential uses of this wealth of information can range from helping businesses prosper to fighting crime, disease and property.

This video features insight into the issue based on recent reports conducted by independent think tank DEMOS, the Centre for Economics and Business Research, and data analysis company SAS, and explains what this information is, how it can be gathered, and how it could be utilised to boost the UK economy.

 

Produced by IMN Content.

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