Knowledge Content Library
Big Data - Little Thinking?
Patrick Leach, Consultant
The advent of Big Data has been a boon for many areas of research and business. However, there are concerns. First, being inundated with massive amounts of data - much of which is irrelevant - can make meaningful analysis more difficult (Nassim Taleb has famously said, "Big data may mean more information, but it also means more false information.”). Second, relying on automated data analysis systems changes human behavior in unanticipated ways. And third, there are pitfalls to avoid when taking a Big Data approach to analysis.
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Keywords: Analysis and modeling anamod, big data analytics bigdata