What do we do with all of this data?   Leave a comment


At the recent CES, the “Internet of Things” (IoT) was all the rage. With internet connected sensors, miniature computers, appliances, and more being touted as the best thing to get a hold of. It seems that we will be flooded with data.

And what about our personal tech? Think wearables and biometric data. From a third party perspective, think about the mass of heart rate, step, cadence and calorie data that is now available.

And then there is all that data available from Facebook, Twitter, LinkedIn, etc. Data concerning our preferences, our connections, our habits.

Where will this lead?

What is the point of having this surfeit of data?

Where will this abundance take us to.

Well, one view is that all this data is but the foundation of the DIKW pyramid.

  1. Data
  2. Information
  3. Knowledge
  4. Wisdom

We have all of this data. But from data we derive information. That is, we can describe sets of data using terms and language with which we are familiar. For example, the data we read from a mass of temperature sensors leads us to describing how hot or cold the day feels. Then from this information, we derive knowledge. Knowledge, in the case of information derived from temperature sensors, about what we should wear. That is, how we should react to the information we receive.

And then finally wisdom. Knowledge in action. Judgement about choosing between courses of action.

So, the question is, will we use this abundance of data for making right decisions? Will the data collected from say these “Internet of Things” devices lead to providing ethical solutions to intractable problems? Will the data collected from personal tech lead to an improvement in, for example, mortality rates? Will the use of data that social media platforms collect lead to better societies and communities around the globe?

For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my strategy and futures-centric blog.

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