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Why it’s way too early to dismiss big data’s economic impact

The New York Times published an article on Friday asking in its headline whether big data is a economic dud. Numerous quoted professors gave reasons why the analogy of data to oil doesn’t work, nor does the one of data to the electrical grid (and here I thought that analogy was about cloud computing). All in all, it was kind of foolish. Here’s why.

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Arvind Lakshminarayanan

Arvind is the editor-in-chief of Big Data Made Simple. He is also a content specialist at Crayon Data.