According to Buckminster Fuller's 'Knowledge Doubling Curve' human knowledge doubled approximately every century. Today, it is estimated that human knowledge is doubling every 12 to 13 months. IBM is estimating that with the build out of the "Internet of things," knowledge will double every 12 hours.
The explosion of information is clearly accelerating. Data is flooding companies and the problem is only getting worse. As the next big explosion heats up, "the Internet of things" - when our machines talk to each other - rate of information growth will go exponential.
Data is quickly becoming one of the most critical business assets. The challenge most leaders face at this point is how to monetize their ocean of data. Having masses of information is of little value unless it is leveraged to give the company a competitive edge. |
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