Sectors

Big Data: The Big Opportunity in Spend and Supplier Management

22nd Nov `13, 09:22 AM in Sectors

The world’s ability to generate and store data has roughly doubled every three years since the 1980s. By…

BDMS
Guest Contributor
 

The world’s ability to generate and store data has roughly doubled every three years since the 1980s. By 2020, analysts estimate that we will have 300 times more data than we do today. Of course, that data will do little to enhance our lives or help our businesses unless we can effectively capture, manage, and analyze it. Despite the explosion in data – and greater access to that data – one in three business leaders say they don’t trust the information they use to make business decisions. That may explain the buzz around Big Data.

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