Algorithms For Dummies

  Managing Big Data 

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Stanford engineers at 

http://news.stanford.edu/news/2014/september/ 

ant-radio-arbabian-090914.html

.) Experts estimate that by 2020, 

there will be six times as many connected things on earth as there will be 

people, but many research companies and think tanks are already revisiting 

those figures (

http://www.gartner.com/newsroom/id/3165317

).

Getting algorithms into business

The human race is now at an incredible intersection of unprecedented volumes of 

data, generated by increasingly smaller and powerful hardware, and analyzed by 

algorithms that this same process helped develop. It’s not simply a matter of 

volume,  which  by  itself  is  a  difficult  challenge.  As  formalized  by  the  research 

company Gartner in 2001 and then reprised and expanded by other companies, 

such as IBM, big data can be summarized by four Vs representing its key charac-

teristics (you can read more on this topic at 

http://www.ibmbigdatahub.com/ 

infographic/four-vs-big-data

):