Big data is being collected in growing volumes, and becoming more important to a variety of corporate strategic initiatives. But yet, companies are encountering difficulties in making use of the data because it is coming in on different platforms and in different forms. The old classic problem written large.
New forms of data standardization are needed to make them available and consumable across divergent platforms. We've seen progress in the financial world with XBRL, and in various other arenas with XML, but more needs to be done. Here's a take on the issue.
2 comments:
Very interesting article.
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Big data is being collected in
growing volumes, and becoming more
important to a variety of corporate
strategic initiatives. But yet,
companies are encountering
difficulties in making use of the
data because it is coming in on
different platforms and in different
forms. The old classic problem
written large.
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