Challenges and Opportunities with Big Data

Abstract

The promise of data-driven decision-making is now being recognized broadly, and there is growing enthusiasm for the notion of " Big Data, " including the recent announcement from the White House about new funding initiatives across different agencies, that target research for Big Data. While the promise of Big Data is real – for example, it is estimated that Google alone contributed 54 billion dollars to the US economy in 2009 – there is no clear consensus on what is Big Data. In fact, there have been many controversial statements about Big Data, such as " Size is the only thing that matters. " In this panel we will try to explore the controversies and debunk the myths surrounding Big Data.

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