AzureTyger
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Data is the next boom
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2.5 quintillion bytes of data are created in the world each day. 90% of all the data collected in human history has happened since 2009. The Cleveland Clinic estimates that in healthcare alone there is over $300 billion in untapped value from big healthcare data.
The people who learn to harvest and harness this data on a large scale are going to be the next wave of tycoons.
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Sin_of_Onin
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Data collection technology far outpaced the technology used to apply the data. Health care and government are both due for massive investments. In some ways the technology still isn't there but I expect it to evolve quickly as investments are made.
Government data is unique in that it can and should be made public. The government needs to be in the business of providing information and information about how government operates is just the tip of the iceberg.
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Szerek
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Data is the next boom
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AzureTyger posted:
2.5 quintillion bytes of data are created in the world each day. 90% of all the data collected in human history has happened since 2009. The Cleveland Clinic estimates that in healthcare alone there is over $300 billion in untapped value from big healthcare data.
The people who learn to harvest and harness this data on a large scale are going to be the next wave of tycoons.
Yeah, this will be another great opportunity for us to provide hundreds of billions more to BRIC countries, or whatever other country we outsource our work too.
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ZigmundZag
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Sin_of_Onin posted:
Data collection technology far outpaced the technology used to apply the data.
This is not a technology problem. It's a business problem. Even SharePoint 2010 comes prepackaged with an organizational data analysis tool. Hell, Excel is more powerful than what 90% of executives were using 10 years ago.
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ZigmundZag
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Data is the next boom
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Szerek posted:
Yeah, this will be another great opportunity for us to provide hundreds of billions more to BRIC countries, or whatever other country we outsource our work too.
Maybe, but I haven't run into any data outsourcing projects yet. That's probably due to a combination of lessons learned from the 90's and security concerns.
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Elocism
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one of my companys goals for 2011 was to become a 'data driven organization'
they hired me and succeeded in that goal 
i love me some data. BI ftw
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theredkay1
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Data is the next boom
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AzureTyger posted:
2.5 quintillion bytes of data are created in the world each day. 90% of all the data collected in human history has happened since 2009. The Cleveland Clinic estimates that in healthcare alone there is over $300 billion in untapped value from big healthcare data.
The people who learn to harvest and harness this data on a large scale are going to be the next wave of tycoons.
This seems right. But the tycoons will be the ones that figure that stuff out and also throw up regulatory roadblocks to others doing the same. If someone figures how to make the harvesting and harnessing of data profitable, others will realize controlling the source of data will be wildly profitable.
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Modeeb
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Data- beta- constipata. Give me a way to access a good crap and have a healthy body.
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B_Shinkicker
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Now if we can just get him a working emotion chip that doesn't get half of the crew killed...
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Ashmaele
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theredkay1 posted:
AzureTyger posted:
2.5 quintillion bytes of data are created in the world each day. 90% of all the data collected in human history has happened since 2009. The Cleveland Clinic estimates that in healthcare alone there is over $300 billion in untapped value from big healthcare data.
The people who learn to harvest and harness this data on a large scale are going to be the next wave of tycoons.
This seems right. But the tycoons will be the ones that figure that stuff out and also throw up regulatory roadblocks to others doing the same. If someone figures how to make the harvesting and harnessing of data profitable, others will realize controlling the source of data will be wildly profitable.
I fully expect the governments of the rest of the world to invest heavily in this while the US sits around and waits for the "invisible hand" to solve all our problems while we fall even further behind.
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Szerek
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Ashmaele posted:
I fully expect the governments of the rest of the world to invest heavily in this while the US sits around and waits for the "invisible hand" to solve all our problems while we fall even further behind.
Our government should NOT invest in this at all. The difference between our government and the governments of the rest of the world is that the citizens of other countries get returns on the investments their governments make, while we generally only get screwed. Any investment our government would make would be strictly for growing American corporations who continually shit on the very people that provide the labor and money that provide these investments.
Wouldn't it be nice to have our government invest billions in tax dollars into this to see American corporations outsource all the I/T work?
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Sin_of_Onin
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ZigmundZag posted:
Sin_of_Onin posted:
Data collection technology far outpaced the technology used to apply the data.
This is not a technology problem. It's a business problem. Even SharePoint 2010 comes prepackaged with an organizational data analysis tool. Hell, Excel is more powerful than what 90% of executives were using 10 years ago.
Excel is what most people use because the technology to do more is not that good. There are software packages out there that are being sold to try and improve this area but they are still in their infancy IMO and implementing them tends to be rather expensive and the output is still mediocre.
Back 10 years ago a lot of government entities invested heavily into systems that would collect data in a centralized way but getting data back out has always been limited. Government is just at the point over the last couple years of opening this data up to the public. I am only talking financials here btw. Even as this data becomes public the act of actually presenting the data is not impressive.
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Sin_of_Onin
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ZigmundZag posted:
Szerek posted:
Yeah, this will be another great opportunity for us to provide hundreds of billions more to BRIC countries, or whatever other country we outsource our work too.
Maybe, but I haven't run into any data outsourcing projects yet. That's probably due to a combination of lessons learned from the 90's and security concerns.
Healthcare will be hard to outsource but the only thing that would stop government projects being outsourced to a large extent is artificial limits created by government.
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Sin_of_Onin
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Szerek posted:
Ashmaele posted:
I fully expect the governments of the rest of the world to invest heavily in this while the US sits around and waits for the "invisible hand" to solve all our problems while we fall even further behind.
Our government should NOT invest in this at all. The difference between our government and the governments of the rest of the world is that the citizens of other countries get returns on the investments their governments make, while we generally only get screwed. Any investment our government would make would be strictly for growing American corporations who continually shit on the very people that provide the labor and money that provide these investments.
Wouldn't it be nice to have our government invest billions in tax dollars into this to see American corporations outsource all the I/T work?
Actually the US government both at the Federal level and the state level have massive amounts of work that needs to get done. The way the current process works is that we will get thousands of different projects all doing similar stuff but using different systems. Meanwhile all of the knowledge that is built up by this process will be by the private sector employees or trapped away in some government employee's head.
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Abaddon_Ambrosius
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Sin_of_Onin
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I didn't mean to kill this thread. Sorry AT.
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Szerek
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Sin_of_Onin posted:
Actually the US government both at the Federal level and the state level have massive amounts of work that needs to get done. The way the current process works is that we will get thousands of different projects all doing similar stuff but using different systems. Meanwhile all of the knowledge that is built up by this process will be by the private sector employees or trapped away in some government employee's head.
A quick explanation of how this will work by using an example that I've actually seen. Medical assistance claims in PA used to be handled by EDS. They had an office in Harrisburg that employed a few hundred people. IBM came in and underbid EDS on the contract and took over the processing. About 300 employees came to IBM from EDS. Over a 5 year period, IBM let go of about 275 workers when they moved the programming and processing support to India. There are still about 25 people working on this contract here and 25 Indians here with H1Bs working on the contract. The rest of the workforce for this contract is located in India.
IBM bid so low that they lost money the first two years of the contract when they were bound to keep the EDS employees employed. However, the contract became profitable in year 3 when let everyone know they would no longer have jobs.
This is how it will work. The government will want something done, and the data will be kept on servers here but all the programming and mining will be done overseas.
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Sin_of_Onin
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Szerek posted:
Sin_of_Onin posted:
Actually the US government both at the Federal level and the state level have massive amounts of work that needs to get done. The way the current process works is that we will get thousands of different projects all doing similar stuff but using different systems. Meanwhile all of the knowledge that is built up by this process will be by the private sector employees or trapped away in some government employee's head.
A quick explanation of how this will work by using an example that I've actually seen. Medical assistance claims in PA used to be handled by EDS. They had an office in Harrisburg that employed a few hundred people. IBM came in and underbid EDS on the contract and took over the processing. About 300 employees came to IBM from EDS. Over a 5 year period, IBM let go of about 275 workers when they moved the programming and processing support to India. There are still about 25 people working on this contract here and 25 Indians here with H1Bs working on the contract. The rest of the workforce for this contract is located in India.
IBM bid so low that they lost money the first two years of the contract when they were bound to keep the EDS employees employed. However, the contract became profitable in year 3 when let everyone know they would no longer have jobs.
This is how it will work. The government will want something done, and the data will be kept on servers here but all the programming and mining will be done overseas.
That sounds about right.
Now repeat it thousands of times for all of the possible projects at the fed state and local levels.
I don't have much of a problem with using foreign labor as a principle. I have a problem with a fragmented approach that fails to leverage and create a strong knowledge base the US government can continue to leverage. The amount of work to be done is so massive it will define multiple multinational corporations for decades.
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eodoll
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Depends on the job - a lot of companies like IBM have considerable workforces here and overseas, so saying IBM will outsource everything doesn't make a whole lot of sense.
There are a lot of technical jobs that are open and are not filled because the workforce just doesn't exist in the US. Most colleges teach web programming (Java, C#, etc..) and most new students want to go into web type companies such as google and facebook. So IBM type places that do back-end servers can't find a ton of talent in the US - they have to widen their search to include H1Bs and they have to open places overseas.
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__Bonk__
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Its amazing how humanity is progressing. Wish I was around to see it in a hundred years
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eodoll
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I heard that in the 70s or something the government pretty much paid for people to get engineering educations - our government should start doing it again. Help people get engineering, hard science and health educations to keep the US competitive with foreign countries.
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