Hopes are high for Big Data. GE declares in an online video that the Industrial Internet, a.k.a. the Internet of Things, will bring us “a faster, safer, cleaner, more productive world.”
But there is also a growing awareness that important concerns have to be addressed if these hopes are to be realized. If the four V’s — volume, velocity, variety and verification — define what Big Data is, then four P’s— practicality, privacy, power and privilege — define the hurdles that Big Data must clear in the race to achieve a sustainable future.