The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things
| Title | The Digital Universe of Opportunities: Rich Data and the Increasing Value of the Internet of Things |
| Publication Type | Report |
| Year of Publication | 2014 |
| Authors | Turner, V., Reinsel D., Gantz J. F., & Minton S. |
| Date Published | 2014/04// |
| Keywords | gap_evidence, gap_relationships, sg_data_business, sg_data_universe, sg_data_value |
| URL | http://idcdocserv.com/1678 |
Gap Area Study Type:
Measurement Gap Areas:
Metrics Gap Areas:
Purpose:
Investigated size and rate of expansion of the digital universe worldwide in 2013; investigated business opportunities to use data in new ways and extract value from the digital universe
Method:
Analyzed 60 streams of data comprising the digital universe (11 streams were added to the 49 in the 2007 study); analyzed ways in particular that the Internet of Things is creating business opportunities; developed 5 criteria to identify “target rich” or valuable data in the digital universe; identified information technology prerequisites to being able to take advantage of the value of data; identified business steps enterprises must take to leverage data value
