- Special Projects
SAP writes about the potential economic power behind Big Data in a recent Forbes article. The article refers to a study published in June 2011 by McKinsey Global Institute that looks at potential for economic impact in specific domains, including Health Care; Public Sector Administration; Retail; Manufacturing; and Personal Location Data. The report estimates the value of Big Data to US Health Care alone could be more than $300 Billion per year.
The article mentions a number of the national initiatives underway, including the Obama administation's "Big Data Research and Development Initiative" and MIT's bigdata@CSAIL initiative.