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Big Data Boom: The “New Oil” of the 21st Century

Big Data Boom: The “New Oil” of the 21st Century

Big Data is a huge new tech trend.

In fact, experts are calling it the “new oil” of the global economy.

After all, oil is the power behind so many industries. It’s needed for plastics, chemicals, gasoline, airplane fuel and more. In the same way, data is fueling the tech industry. Companies desperately need it to “refine” and improve their businesses.

But … what exactly is Big Data?

I asked tech expert Ian King to explain it to you. He said:

If you’ve got a Nest thermostat, an Alexa device … all of these connected devices — the Internet of Things — are capturing things that you’re doing. Places that you’re going. That’s Big Data. Because the amount of data being captured in the world right now is growing exponentially.

There was more data created in the past two years than in all the years of human history combined. That’s why Big Data is one of the most profitable tech opportunities right now.

So, in today’s Market Insights, Ian and Brian Christopher talk about some of the ways Big Data is disrupting the world — and market — around us … and how you can profit.

They discuss:

  • New connected devices are being added on a daily basis. Amazon just launched several new wearable computers that have its Alexa voice-assistant software. Quote: “We even have smart toasters that you connect to a Wi-Fi device.”
  • One huge company that uses Big Data is Google. Its Google Maps software can help you pick the best time to go to the movies. Quote: “Google takes all the times that people search for that location and arrive at that location. And then it can tell you when the movie theater is crowded and when it’s not. … Outside of movie theaters, you can do that for any business using Google Maps.”
  • Medical errors are the third-leading cause of death in the U.S. Big Data is improving health care by letting us share best practices. Quote: “Let’s say someone gets a knee surgery. And there are different doctors all across the country who perform this knee surgery differently. We can see how long the patients took to recover. … We can do better research on it.”

Plus, Brian has a new stock recommendation for you. It’s a cloud company that uses its vast amounts of data to help health care companies better serve their patients.

To watch the 10-minute video now, simply click on the image below:

Did you know that you can now leave comments on your favorite Sovereign Investor Daily articles? Just go to BanyanHill.com and scroll to the bottom of any of our posts. We’d love to hear what you think!

And remember to scroll down for a wrap-up of this week’s Sovereign Investor Daily articles.

Regards,

Jay Goldberg

Assistant Managing Editor, Banyan Hill Publishing

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