It will use machine learning methods and big data analytics and data mining tools.
But data dumps like these are useless without data mining tools.
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One catalyst driving the push is the proliferation of social media mining tools, which allow companies to test and tweak new go-to-market strategies in real time and without the need for an actual focus group.
Rather, they were marketing managers and other business executives, eager to circumvent the ever-so-slow IT department and have complete control of new applications, especially the new data mining tools that allowed them to gain new insights from the big data explosion of the late 1980s and early 1990s.
Sweden's Sandvik (6.6, SDVKY) fell 70% in the bear market as the recession whacked sales of its metal-cutting, mining and construction tools as well as specialty alloys based on titanium and zirconium, used in thousands of applications like boiler tubes and flanges.
You may notice that public social business tools sometimes have a premium paid version with advanced tools for mining leads from your networks.
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All of this suggests that Big Data will not only be a revolution in data management and search, but that it will also likely bring to the fore a whole new generation of hot companies specializing in building and selling new tools for mining vast amounts of low-quality data for the rare nuggets.
If you are not focused on optimal data mining and using all the latest data science tools, you are missing an important success factor.
But capturing that opportunity takes capabilities that stretch from individual devices out in the field to powerful business analytics tools back in the data center, mining all the Big Data collected by those devices.
Today, the most formidable tools to effectively manage unstructured data include natural language processing, ontologies and data mining, which together support the effective use of unstructured data.
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