The Data Economy

Recently, one of the chandeliers at my home got faulty and the electric circuit had some weird wiring issues. The bulbs attached to the chandelier started flickering, and within an hour or two all the bulbs had fused out following a few dangerous sparks. We had to get it fixed, but something else happened as well. My five-year-old, who saw it happen mentioned "Appa, this chandelier is losing internet connection, see, even the bulbs are not glowing anymore, can we please check the internet?"

I was surprised by the comment, and it made me realize the world we lived in. The next generation are so immersed in a world that is seamlessly connected, that they might not imagine it ever being otherwise. Such connectivity has its own challenges. Connectivity results in interactions, and interactions in turn result in data – really big data. Data resulting from these interactions is only valuable, however, if it can be sourced, managed...