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So Far, Big Data Is Small Potatoes

18 pointsby chiachunalmost 11 years ago

1 comment

capkutayalmost 11 years ago
&quot;Wall Streeters have the fastest computers, most sophisticated software and biggest databases money can buy, and yet many failed to see the 2008 crash coming.&quot;<p>How could software catch predatory lending practices written into policy and executed by bankers? Wall streeters were using their &#x27;fastest computers&#x27; and &#x27;biggest databases&#x27; to make and manage money. Even if they were using cloudera&#x27;s CDH or some other big data framework, they will use it for the exact same reason. Maybe even find a way to maximize profits and exit before the next crash.<p>I&#x27;m probably nitpicking, but that&#x27;s not a real &#x27;big data&#x27; use case. Maybe when every computer passes the turing test and learns to spot corruption, they can throw that in a mapreduce job and solve the problems this guy is talking about.<p>From a commercial standpoint, people only care about making big data cheap and easy for enterprises to adopt. There are only a handful of really innovative, forward-thinking implementations of &#x27;big data&#x27;.
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