At the beginning of last month the Obama administration announced its â€˜Big Data Research and Development Initiative'. This initiative promises to transform the ability to use big data for scientific discovery, environmental and biomedical research, to strengthen national security and to transform teaching and learning.
Six of the US federal departments and agencies will be investing over $200 million into this project which aims to organize and gain insight into huge volumes of unstructured data which has been collected over the years.
Federal agencies are some of the world's largest creators and consumers of data and therefore how well they make use of their â€˜big data' could easily determine their success or failure. With huge budget cuts to face, governments can harness the power of big data not only to make new discoveries but to help the meet current complex demands placed upon them.
What are your thoughts on the phenomenon that experts are calling the most important public investment in technology since the rise of supercomputing and the internet?