Big data is here to stay, as it should be. But let’s be realistic: It’s an important resource for anyone analyzing data, not a silver bullet.
The New York Times weighed in on data this week with Eight (No, Nine!) Problems With Big Data by Gary Marcus and Ernest Davis. There is great faith in statistical correlations and “big data” predictions leading to Artificial Intelligence (AI) breakthroughs. “Big data”, while seen as an “adjunct to science inquiry”, may not be the revolutionary 4th Paradigm of Science – read more The Fourth Paradigm : Data-intensive Scientific Discovery by Tony Hey (et.al.)
The Open Data initiative announced by the Office of Science and Technology Policy (OSTP) is bearing some fruit according to George Leopold of datanami. Read his April 9, 2014 article Survey Finds Open Data Boosting U.S. Economy.