The Power Of Startups In Turning Big Data Into Big Impact
insideBIGDATA, Saturday, December 9,2023
The world is amid a data explosion, with users creating, copying, and consuming 5,000% more data today than in 2010. This surge in the volume and complexity of data generated severely impacts how it's used across industries and who owns and controls that information.
The EU's recent record-breaking USD 1.3B fine against Meta for data violations in Europe and the UK's global AI Security Summit around ethical uses of big-data-driven AI are just two examples of how data uses & sovereignty have entered the cultural zeitgeist and underpin the fundamental reckoning that what we do with all this data - and how we use it - matters. While the negative side of big data often dominates the headlines, forward-thinking startups are spearheading data-driven innovation to revolutionize critical services, including the financial, educational, and healthcare sectors, resulting in a more equitable and inclusive world.