As data becomes more readily available, organizations face the question of how to effectively manage and use it in a competitive landscape. Many companies are realizing the need for and value of collecting, storing and analyzing data.

Just look at a couple of examples of market activity in various industries: In December 2018, Nasdaq acquired Quandl, which is a company that “offers alternative data to over 30,000 monthly users compiled from roughly 350 sources,” and Steve Ballmer, the former CEO of Microsoft, is funding another data source, USAFacts, which is intended to be a nonpartisan effort to look at revenue and spending across federal, state and local governments.

Source: forbes.com
Author: Matthew Murdock