Scott Koegler

Scott Koegler

Scott Koegler is Executive Editor for Big Data & Analytics Tech Brief

Is Big Data a Threat to Legal Confidentiality?

Many positive things have been said about big data. The increasing adoption of big data among organizations has however shown the downsides of this concept and technologies associated with it. Legal confidentiality is one of the areas that is under threat from big data. In the rush to embrace big data and opportunities that come along with it, we must never forget where we have come from. For instance, back in the early days of the dotcom boom, many internet businesses failed to address the most basic of things. For example, many forgot to secure their assets by following the correct legal procedures and intellectual property rights. As such, many lost their innovations.

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Big Data Is Changing How Businesses Operate

From one-person business to multinationals, big data is changing the way companies operate for the better. With the increase in the amount of data originating from different sources due to the advancement of technology, companies are now deploying different innovative approaches for analyzing and extracting different useful data sets. The ability of businesses to access valuable and organized data offers them an edge and ensures long term returns. It makes it easy to make decisions which would otherwise be hard using conventional methods.

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Big Data Is Making Big Differences in The Real Estate Market

The digital universe is highly dynamic and changing quickly. After 2010, we entered a new era where social networks, mobile devices and wearable technologies entered into the equation. These are just a few sources that generate large amounts of data. By 2025 there will be hundreds of zettabytes of data. As massive amounts of data continue to be generated, big data technologies are taking shape. There are technologies, tools and data processing methods that aid in the extraction of all kinds of digital insights. The ability to collect, analyze and extract insight from big data sets has implications to all sectors of business. For example, big data can help companies protect their customers from buying items that are not up to the standard. With this in mind, what differences can big data bring to real estate market?

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