Big Data Will Drive the Industrial Internet

"The conversation around big data has largely focused on clickstream data, sentiment analysis and consumer targeting. But behind the scenes, the capabilities enabled by machine-to-machine communication and advanced analytics stand poised to dramatically change the world around us.

Case in point: General Electric (GE) and its vision of the "Industrial Internet," which it suggests may bring about as profound a change to the way we live our lives as the Industrial Revolution and the more recent Internet Revolution.

"The world is on the threshold of a new era of innovation and change with the rise of the industrial Internet," Peter C. Evans, director of Global Strategy and Analytics at GE, and Marco Annunziata, chief economist and executive director of Global Market Insight at GE, writes in a GE whitepaper, Industrial Internet: Pushing the Boundaries of Minds and Machines.

Small Changes Are Big on the Industrial Internet

"The compounding effects of even relatively small changes in efficiency across industries of massive global scale should not be ignored," Evans and Annunziata write:

"As we have noted, even a one percent reduction in costs can lead to significant dollar savings when rolled up across industries and geographies. If the cost savings and efficiency gains of the industrial Internet can boost U.S. productivity growth by 1 to 1.5 percentage points, the benefit in terms of economic growth could be substantial, potentially translating to a gain of 25 to 40 percent of current per capita GDP. The Internet Revolution boosted productivity growth by 1.5 percentage points for a decade--given the evidence detailed in this paper, we believe the industrial Internet has the potential to deliver similar gains and over a longer period.""

http://www.itnews.com/it-management/63442/big-data-will-drive-industrial-internet?page=0,1

Big Data is a very hot and promising topic in IT now. However, I do not have the skillset and knowledge to digest it. Big Data is important at giant companies. To me it is unlikely that I will be a manager in any of them.
I noticed after reading this article that this is interesting but certainly not suitable for me.