The Next Data Revolution: Intelligent Real-Time Decisions

Over the past decade, big data analysis and applications have revolutionized practices in business and science. They enabled new businesses (e.g., Facebook, Netflix), to disrupt existing industries (e.g., Airbnb, Uber), and accelerated scientific discovery (genomics, astronomy, biology). Today, we are seeing glimpses of the next revolution in data and computation, driven by three trends. First, there is a rapidly growing segment of the economy (e.g., Apple, Facebook, GE) that collects vast amounts of consumer and industrial information and uses this information to provide new services. This trend is spreading widely via the increasing ubiquity of networked sensors in devices like cell phones, thermostats and cars.