Big Data usher in the Golden Age

The internet is considered to be one of the greatest inventions of the 20th century, and it has rapidly influenced the way of life and even the habits of thinking of each of us for decades. Now, another new thing-the birth of big data-is called another it revolution following the Internet. Big data is everywhere, when you turn on the TV at night to watch Brazil's World Cup, when you play "Legend of the Tower" with your mobile phone, when you use the Fast software to call a taxi, the intangible data has formed a circulating gas field around you. What is the big data? Is that people collect, excavate and use massive data, and create immeasurable value from it. 2014 is not the first year of large data, but the popularization and application of large data has reached an unprecedented height

Big Data wave rises

Based on the rapid development of Internet technology, the emergence of large data wave is unstoppable, like a new energy, things networking, smartphones, wearable, smart hardware and other technical equipment will make the data into a geometric multiple growth. Cisco predicts that by 2016 the number of global Internet connections will be close to 18.9 billion, with 2.5 connections per person. IDC says the world will have 35ZB (1zb=1 trillion GB) of data by 2020. According to statistics, 2013, the global human generation of data per day up to 25PB, which is equivalent to 1500 national libraries of the total amount of information. It can be said that as a producer of data, individuals are driving the arrival of the big data age.

At the same time as the elements of life, large data also began to have asset attributes, into the government, finance, consumption, medical and other fields. It is reported that the United States has increased the large data strategy as a national strategy, and the possession and control of data as Lu Quan, sea, air rights, outside the fourth kind of national core assets. "Large Data" was first written to China's "government work Report" in 2014, "Twelve-Five" national Strategic Emerging Industry Development plan, the support of massive data storage, processing technology research and development and industrialization. Guangdong, Shanghai and other areas are planning large data management bureau, more local governments are also planning large data industry agglomeration area.

At the same time, "embrace" large data to become a unified declaration of the development of different industries. "Using mobile phone software to measure personal activity, daily recording of exercise consumption and heartbeat." For insurers, the periodic table of life is no longer a fixed 65-year standard model, but more active every day, and the periodic table changes more. Reitao, chief executive of Sky Cloud, said in a recent meeting of the 2014 China Data International summit, based on the probability theory of insurance, and large data in some ways can be called the same, in fact, the more and more in the financial field, can see the application of large data.

A previous study by McKinsey showed that the financial sector ranked first in the large data value potential index. Banks, securities, insurance, trusts, direct investment, small loans, guarantees, credit and other financial sectors, as well as peer-to-peer, public financing and other emerging internet finance, are using large data to carry out a new revolution.

Some financial institutions have begun to explore their own set of large data usage methods. Liu, chairman of the Flag Investment Management Co., said the flag has its own set of tools, 24 hours a day from the internet to collect all kinds of information, including financial sites, brokerage sites, news reports, comments, forum posts, blogs, micro-blog, etc., back to put on the company's server to do pictures.

"The company has been evolving a set of algorithms from which to extract what is useful for investment." "Liu revealed that based on this investment from the Spring Festival after the real start, the project brought him deep feelings, for the Internet information on how to further excavation, will become an important future research project.

In this respect, industry personage points out, big data not only will let it industry usher in New golden Age, will subvert the competition pattern of all walks of life. In the future, the development of large data is to be sent in high hopes. Authoritative organization analysis, the next 5 years the global Big data market has a broad development prospects, the composite annual growth rate will reach 58%, its market profits from 2012 to 5 billion U.S. dollars to 2017 of 50 billion dollars.