Big Data, Big Dollars?

As seen with the IPO of Splunk (NASDAQ:SPLK), the Big Data industry is certainly red hot. But what are early-stage operators doing — especially with monetizing things? Is Big Data real or just another techy fad?

Big Data is not a fad. If you look at all the major IT vendor they all have a strategy for big data that includes new product roll out. If you look at the distributors in the tech space you will also learn that they too have made a big bet on big data and they don’t do that unless they are 150 per cent sure because one mistake could cripple them given the margins they make.

Related Story: Big data and the death of privacy

This article has five opinions from five different CEOs. Jeff Jedras from CDN got the opinion of another CEO and I think it’s quite relevant.

Here it is.

The big data drumbeat is becoming deafening in the technology sector as vendors and analysts rush aboard the latest trend. But one leader in the IT security community is sounding a big warning about big data, and the death of privacy in our increasingly connected world.

Kaspersky Lab CEO Eugene Kaspersky outlined the top five IT security issues that worry him today, and prominent among them was the loss of privacy that the big data trend entails.

“We can forget about privacy. There’s no privacy anymore,” said Kaspersky. “You can have privacy if you live somewhere in the jungle, or the middle of Siberia.”Too much data is being collected about us, he said. In the U.K., cameras are everywhere. Google has a detailed picture of your online activities, as do other online services. And unless you pay cash and don’t use loyalty program cards, your shopping history is collected and stored as well.

“This is a national security issue. This data can be used not just against people, but against nations,” said Kaspersky.

Read the whole story here.

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Jim Love, Chief Content Officer, IT World Canada

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Paolo Del Nibletto
Paolo Del Nibletto
Editor of Computer Dealer News, covering Canada's IT channel community.

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