Why ‘big data’ is a magnet for startups: This article is interesting for a couple reasons. First, it sort of formalizes this idea of “big data” that’s floating around – explains what it is, how it’s different, and why this matters. Second, it talks about some neat things people are doing:
The startup Recorded Future collects 100,000 to 300,000 documents an hour from the Web and analyzes them in real time to gain insight into global trends. The software is being used to monitor riots in South America on Google Earth and also to predict the volatility of stock prices based on media coverage.