How “Big Data” Went Bus

How “Big Data” Went Bus

ive years ago—in February 2012—an article in the New York Times’ Sunday Review heralded the arrival of a new epoch in human affairs: “The Age of Big Data.” Society was embarking on a revolution, the article informed us, one in which the collection and analysis of enormous quantities of data would transform almost every facet of life. No longer would data analysis be confined to spreadsheets and regressions: The advent of supercomputing, combined with the proliferation of internet-connected sensors that could record data constantly and send it to the cloud, meant that the sort ­of advanced statistical analysis described in Michael Lewis’ 2003 baseball book Moneyball could be applied to fields ranging from business to academia to medicine to romance. Not only that, but sophisticated data analysis software could help identify utterly unexpected correlations, such as a relationship between a loan recipient’s use of all caps and his likelihood of defaulting. This would surely yield novel insights that would change how we t
Read more: http://www.slate.com/articles/technology/technology/2017/10/what_happened_to_big_data.html