Posted by Kenny MacIver | 4 Aug 2010
Eric Schmidt, CEO of Google: "The information explosion is so profoundly larger than anyone ever thought. But that’s what this opportunity creates. We want to enable it to be more organised”
“Between the birth of the world and 2003, there were five exabytes of information created. We [now] create five exabytes every two days. See why it’s so painful to operate in information markets?”
Eric Schmidt, CEO, Google
When Eric Schmidt shared this nugget with 400 CIOs at Google’s Atmosphere 2010 conference, he predicted that the world of IT would have to gear up to ensure that businesses and governments are able to cope with “the information problem” (researchers have suggested that five exabytes equates to 250,000 years of DVD-quality video).
As Schmidt explained: “Plot that curve. The information explosion is so profoundly larger than anyone ever thought. But that’s what this opportunity creates. We want to enable it to be more organised.”
With companies like Fujitsu envisaging a world where sensors gather data from every conceivable environment – whether embedded in cars to monitor drivers’ vital signs or in soil to optimise agricultural yield – the suggestion is that the “exaflood” is about to rise at an even faster pace. Expect a supercomputer-powered analytics engine to be a standard feature of every enterprise cloud service soon.
: Wed, 22 Feb 2012 21:38:10 +0000
: Wed, 22 Feb 2012 21:20:47 +0000
: Wed, 22 Feb 2012 21:12:35 +0000
Making sense of the mountain
August 10 2010
Overall growth in data volume is without doubt as Eric says, ‘painful for those in the information market’, but drill down further to consider the life and death challenge for every organisation to not only to deal with this phenomenal growth, but most of all; to make sense of it.
As Albert Einstein put it "Information is not knowledge".
Extracting value from such a dynamic resource currently relies on the fact that you know what you are looking for, generally giving rise to fixed rule investigation. The difficulty comes when those rules become redundant / ineffective as the data changes/ grows (even with the aid of mathematical elastic sides).
Reliance on fixed rule investigation alone to deliver sufficient knowledge for key competitive advantage now, let alone in Eric’s forecast, is essentially forlorn. It is almost impossible to cover every pre-defined eventuality arising from the data, let alone retain a shelf life in such a shifting and increasing torrent.
The real need is for a next generation capability to sit alongside current methods to deliver a dynamic knowledge that is fully adaptive to change and with the ability to answer such questions as “tell me what is interesting”, “what should I know about?” etc.
Businesses and Governments do need to deal with ‘the information problem’, but that is only part of it – a very sobering thought.
Information is not knowledge and only knowledge delivers opportunity, success and maybe even survival – if you don’t acquire it, others will and that is likely to be an overwhelming force.
David Sutton
Posted by David Sutton