The Era of Big Data Is Here
Read “The Era of Big Data Is Here” blog from Tom Silva, Senior Vice President of Marketing and Strategy, The Alter Group
As we see the recovery sputtering because of the European debt crisis, we await the next big thing. What will power this economy the way returning servicemen, the housing boom, urbanization and the Keynesianism of presidents from Eisenhower to Nixon powered the U.S. from the 1950s to the early 1970s? Or the way liberalization, low oil prices and the tech boom created 21 million jobs in the 1990s? A clue may lie in my industry. As our economy has moved from manufacturing to service-based over the last century, commercial real estate has traced the same arc, mutating from a sector focused largely around industrial buildings to one that’s about the high-rise and suburban offices that dot our commutes home. But recently, a new sector and catchphrase has emerged that indicates a major new spur in our country’s growth: Big Data.