Smart Buildings

Big Data: From Qualitative Guesses to Quantitative Proof

“Big data is like teenage sex, everyone talks about it, nobody knows how to do it, everyone thinks everyone else is doing it, so everyone claims they do it” said Daniel Utges, Product Director at DEXMA during Memoori’s second webinar of 2017, sponsored by Project Haystack. A more professional definition may be that big data is a very large volume of information, coming from many different sources, normally in real-time, in both a structured and unstructured format, suggested Utges. This mass of information creates a number of challenges but also important benefits. It allows us to go from qualitative guesses to quantitative proof, and from reactive to proactive decisions. In our recent report The Internet of Things in Smart Commercial Buildings 2016 to 2021 we estimate that the market for Big Data and Cloud Based Software and Services in Smart Buildings will grow from $10 Billion in 2016 to around $32 Billion by 2021. Utges […]

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