We are living in the information era and the world is currently high jacked by Big Data analysts. The world has always been very commercial, and global trade is fast moving to online platforms. Over the last few decades, small business and big international corporate firms have been struggling to establish their social media and website presence. In that transition time, the world has generated so much data that analysts and sophisticated software have not yet strategized a reasonable plan to extrapolate all that data. The Big Data economy is thriving, but not most of us can understand how to join the lucrative and booming business. Before you even debate on how a big data course could change your life, learn a few ways in which it is changing world economies.
Big data is all about information and the analysis of information. It entails very large amounts of data that are really impossible to analyze, categorize and decipher. Phones are some of the most common hubs for data generation and collection. People are using smartphones to pass messages, to receive messages and to research. How people use phones is changing the world, and analytical companies which study the use of mobile phones hold the key to simmering online commerce. They can sell analyzed data to big online retailers like Amazon, Walmart and Alibaba.
A big data course could really change the fortunes of a security agent or firm. The internet and other offline networks that share an information hub are essential to national and international intelligence. They can help security policymakers to identify trends among people. Although some methods of online surveillance are intrusive to people’s privacy, there are international guidelines on how ethical considerations should always be addressed. Any accredited big data course should adequately address such issues. Security firms and agencies are keenly looking for big data analysts. That is how governments in technologically advanced economies are coping with the urgent needs of generating intelligence for safe governance.
Most researchers, in whichever fields of study, strive to share information in form of publications and library data submissions. Medical fields, just like IT-related fields, heavily rely on publications, peer reviews and professional collaboration among specialists to advance education, research, knowledge and practice. Therefore, researchers and practiced experts often share as much information as possible. Why do they do it? Well, because in the information era, those that share it gain more power than before they did. That power is often termed as authority or credibility. However, those who truly gain most of the power are not those who share the most information. It is those who conduct the most efficient and robust data analysis.
The mainstream media lost leverage to the internet. Radio and television stations around the world no longer control how musicians and other entertainers interact with their fans. People can become famous on social media platforms and online streaming services. However, such artists might need managers to help them navigate the internet and to interpret social cues on the internet via data. The managers could be more efficient and useful to help in growing their audiences through targeting particular fans and riding on internet trends.