Big Data
What is Big Data? According to Margaret Rouse, from Search, Data, and Management, Big Data is a combination of structured, semistructured and unstructured data collected by organizations, big tech companies, such as Google, Facebook, and Amazon. The gathering of Big Data can help organizations create machine learning projects and predictive modelings of consumer behavior. Concerns about Big Data Although this article was meant to be just about "what is big data?". I would like to focus it on the concerns Joseph E. Stiglitz discusses in his book "People, Power, and Profits, Progressive Capitalism in an Age of Discontent", where, in a very short summary, he talks about the American economy and how the financial system is affecting society led by politicians who care more about money and follow their own personal interests instead of the society's. In this book, the author writes a chapter aimed at emerging technologies, big data and AI and how th...