Search Captions & Ask AI

Taming Big Data

March 26, 2014 / 12:22

This episode discusses big data, its definition, and its impact on various sectors. Key topics include the three V's of big data: volume, velocity, and variety, and how they affect traditional data systems.

The speaker explains that 90% of all data has been created in the last two years, emphasizing the accelerating nature of data generation. They highlight how traditional relational databases struggle to manage this influx of data.

Examples such as Google’s acquisition of Waze illustrate how big data influences daily life through navigation systems. The discussion also covers the significance of machine data from jet engines and its implications for efficiency in the airline industry.

The episode touches on the future of big data, including its role in sustainability and how businesses can leverage it to improve operations and reduce their carbon footprint.

Finally, the speaker mentions the potential of big data in addressing global challenges, such as food production and environmental conservation, stressing that traditional methods will not suffice.

TL;DR

Big data's rapid growth impacts daily life, business efficiency, and sustainability efforts.

Episode

12:22
00:00:01
I find that when people ask about big
00:00:04
data and try to figure out you know why
00:00:08
it's so much more than just a lot of
00:00:10
data what the answer often is is just
00:00:13
taking a look at how quickly we are
00:00:16
generating data today and it's not just
00:00:19
traditional sources we have gotten so
00:00:23
much better at putting devices that can
00:00:27
capture data whether it be cameras
00:00:30
whether it be internet whether it be
00:00:32
actually what your phone is transmitting
00:00:35
at every given time and all of this data
00:00:38
comes together and one of the things
00:00:40
that I think is interesting is that you
00:00:42
find that when you look and you say that
00:00:45
90 of all of the data has been created
00:00:49
within the last two years you start to
00:00:51
recognize that this is an accelerating
00:00:55
amount of data not just a stagnant
00:00:57
amount but just accelerating and that's
00:00:59
why when people talk about about the
00:01:02
differences in Big Data you have to
00:01:04
recognize it's breaking traditional
00:01:07
relational database systems is breaking
00:01:10
the electronic data warehouse which is
00:01:12
our stores of these data it cannot
00:01:15
handle it was never designed to handle
00:01:18
this kind of data I find one of the
00:01:20
things that is most fascinating about
00:01:22
big data is people really don't
00:01:25
understand what it really is and I'll
00:01:27
tell you to start it is absolutely not a
00:01:30
lot of data because there are many
00:01:33
places in our society where we've
00:01:35
accumulated a lot of data but that
00:01:38
doesn't really qualify as Big Data
00:01:41
and there are many definitions but I
00:01:44
will say that the key definition
00:01:47
that most people go to is what they call
00:01:49
the three V's they call it volume
00:01:52
velocity and variety
00:01:55
so volume is what we started with there
00:01:58
has to be a lot of data and it's got to
00:02:01
be breaking the systems that
00:02:04
traditionally you would use in your data
00:02:06
warehouses and your servers that you
00:02:08
might traditionally use to store your
00:02:11
data then we talk a little bit about
00:02:13
velocity and that is how quickly is this
00:02:16
data coming in in today's society where
00:02:19
there is data being accumulated
00:02:21
everywhere
00:02:22
that data from the web from machines is
00:02:25
being streamed into many many different
00:02:29
databases and that is the velocity piece
00:02:32
so it's coming in quickly
00:02:34
but the real catch here is variety and I
00:02:39
don't want to get technical in terms of
00:02:40
the differences between the different
00:02:42
kinds of data but at a high level we
00:02:45
talk about structured data and
00:02:47
unstructured data so structured data is
00:02:50
what you're traditionally used to seeing
00:02:52
rows and tables of data that we will
00:02:57
always have and it comes our biggest
00:03:00
source by the way are traditional
00:03:02
spreadsheets there are lots of columnar
00:03:05
data but the thing that is really
00:03:07
causing traditional systems to break is
00:03:10
this unstructured data this is the data
00:03:13
that comes from social media from
00:03:15
Twitter feeds from all of the email that
00:03:18
goes through our systems the rich data
00:03:21
of sound and video and images how do you
00:03:26
structure those into our traditional
00:03:28
systems and is when you take all those
00:03:30
pieces together and try to understand
00:03:33
what big data is it is that combination
00:03:37
of the three V's that really Define it
00:03:42
so when people ask how is Big Data going
00:03:45
to be changing my life the first answer
00:03:48
I want to give is if you thought the
00:03:50
internet was a big deal
00:03:52
you haven't seen anything yet because
00:03:55
big data is starting to influence and
00:03:59
impact our lives in many many ways and
00:04:02
I'm not talking about the NSA stuff I'm
00:04:05
talking about all the ways every day
00:04:08
that you're starting to see big data
00:04:11
having an impact on your life if you are
00:04:14
using a navigation system that's on your
00:04:18
smartphone in all likelihood that's all
00:04:22
big data in the background there it's
00:04:24
amassing data now why do you think a
00:04:27
company like Google made a choice to
00:04:30
purchase the company a little company
00:04:32
called Waze well they made that choice
00:04:35
because they saw the connection here the
00:04:39
idea of taking every person driving
00:04:41
around in your area their speed their
00:04:45
Communications what their information
00:04:47
they're passing around the fact that
00:04:51
they saw a police officer the fact that
00:04:53
they saw a pothole all this information
00:04:55
as being amassed and brought together in
00:04:58
new brand new technology that allows you
00:05:01
to process this data in ways that you
00:05:04
can't even imagine and think about what
00:05:07
it means when we start to take advantage
00:05:09
of this type of data an example that I
00:05:13
think of many times is about the the jet
00:05:16
engine
00:05:17
an airplane in and of itself on a given
00:05:21
day is going to make multiple stops it's
00:05:24
going to be landing and taking off and
00:05:26
every piece of that flight is captured
00:05:29
by that jet engine and that's called
00:05:31
machine data and that's data that
00:05:34
machines are capturing and they capture
00:05:36
it via what is onboard computers but
00:05:38
also by sensors and all kinds of other
00:05:41
information so if you can imagine that a
00:05:44
typical flight is going to capture about
00:05:47
240 megabytes of data
00:05:51
on a typical flight now take that one
00:05:54
flight multiplied by a given day so now
00:05:58
that plane maybe went made five flights
00:06:01
let's call that a terabyte in rounding
00:06:04
numbers so that Airline on a get that
00:06:07
one piece of aircraft is capturing a
00:06:10
terabyte of information now that
00:06:12
terabyte of information multiplied by
00:06:14
every plane in the air on any given day
00:06:17
than a mast imagine how all of a sudden
00:06:20
you can start to get insights on how to
00:06:23
make that plane run more efficiently you
00:06:26
start to see that maybe we can change
00:06:28
the way the jet engine works so it
00:06:31
maximizes Energy Efficiency and for an
00:06:33
airline Energy Efficiency equals dollars
00:06:36
to the bottom line and these are the
00:06:38
kinds of things that happen in just a
00:06:40
few little places but use today it is
00:06:44
starting small and you're going to start
00:06:45
seeing it in every part of your life
00:06:52
you know when I look at the future for
00:06:55
Big Data
00:06:56
um I really think it's early days
00:06:59
um as much as it's it has a lot of flash
00:07:02
today they talk many times
00:07:06
um it's actually a model that Gartner
00:07:07
comes up with which after there's this
00:07:10
whole sort of frenzy there's this trial
00:07:12
of disillusionment that happens and we
00:07:15
are actually just coming out of that
00:07:17
trial of disillusionment because we had
00:07:19
all this promise and then you say okay
00:07:21
so what what can I do next the
00:07:23
technology is moving so quickly the
00:07:26
operating systems to handle it are
00:07:28
moving so quickly the prices of memory
00:07:31
are dropping so quickly things that you
00:07:33
used to need to have disks to do now can
00:07:35
be done in memory all of these changes
00:07:38
are going to allow big data to start
00:07:40
delivering even more than what we're
00:07:43
seeing today and I I caution people to
00:07:46
kind of that say well it's just all hype
00:07:49
it's not all hype and you haven't even
00:07:51
begun to see how you can take this kind
00:07:55
of information and the kind of insight
00:07:57
that you can get I think about a great
00:08:00
example is is what's going on in um with
00:08:04
NASA and what they've been capturing
00:08:08
images and information for years but
00:08:11
when you start taking that information
00:08:13
and and tying it against existing data
00:08:17
there is incredible information that
00:08:20
satellites can tell us today Beyond just
00:08:23
seeing a pretty picture or knowing
00:08:24
what's there you can do time elapse on
00:08:28
the entire planet that shows
00:08:31
deforestation that shows water flows
00:08:34
that gives insight into our lives that
00:08:39
never ever was imagined and that's
00:08:41
that's the power of Big Data
00:08:48
I I think that um one of the great
00:08:52
things about big data is it is finding
00:08:55
its way into so many places that people
00:08:58
never imagined that you could be
00:09:00
leveraging big data I think that um one
00:09:05
of the places is certainly
00:09:06
sustainability and business today and
00:09:10
corporations today have gotten to the
00:09:13
place where a lot of the low-hanging
00:09:16
fruit
00:09:17
of changing their light bulbs and doing
00:09:20
some changes to their supply chains and
00:09:24
doing the things that they know that
00:09:26
they could bring some immediate dollars
00:09:28
in they're exhausting those resources
00:09:30
the next level of sustainability for for
00:09:34
business is really going to be around
00:09:36
leveraging big data to change operations
00:09:40
to be able to leverage big data to do
00:09:43
things that allow them to save energy
00:09:46
allows them to reduce their carbon
00:09:48
footprint that allows them to be more
00:09:51
efficient about how they use water and
00:09:54
all of this begins to happen as they
00:09:56
start accumulating the data from
00:09:59
machines accumulating the data from
00:10:01
their operations melding that with
00:10:03
consumer information and that is a huge
00:10:06
piece of how business is going to be
00:10:09
leveraging this against sustainability
00:10:10
but I think another part of this is how
00:10:15
many areas of traditional sustainability
00:10:18
will have incredible impact by Big Data
00:10:23
let's talk about how we deal with
00:10:26
animals and preserving animal habitats
00:10:29
let's talk about how we deal with some
00:10:32
of our most pressing issues of humankind
00:10:34
how we're going to feed a population
00:10:36
that's going to reach 9 billion by 2050.
00:10:39
these kinds of resource issues will not
00:10:42
be solved by traditional means and what
00:10:45
we're seeing is companies that are able
00:10:48
to start taking weather data and start
00:10:51
incorporating what we know about climate
00:10:53
change today and start leveraging to
00:10:56
make farming more efficient to change
00:10:58
the way that Farm Insurance Works to
00:11:02
start utilizing if you can imagine
00:11:04
they're going to be machine data coming
00:11:08
from seeds the seeds are going to have
00:11:10
data within themselves that will be able
00:11:13
to transmit the efficiency of those
00:11:15
seeds and how they're doing there is
00:11:17
going to be
00:11:18
massive massive amounts of data today
00:11:22
farming today which was
00:11:25
arguably one of the least technical
00:11:27
businesses around will become one of the
00:11:30
most technical businesses companies like
00:11:33
Monsanto are making huge investments in
00:11:36
technology deer is making investments in
00:11:39
technology all of these companies are
00:11:41
because we all recognize that in the
00:11:43
future there is going to have to be
00:11:46
changed in how we go about raising
00:11:51
plants raising animals raising enough
00:11:55
food to feed this ever-growing
00:11:57
population
00:12:15
foreign

Badges

This episode stands out for the following:

  • 60
    Best concept / idea

Episode Highlights

  • The Three V's of Big Data
    Volume, velocity, and variety define what Big Data truly is.
    “The key definition that most people go to is what they call the three V's.”
    @ 01m 49s
    March 26, 2014
  • Big Data's Impact on Daily Life
    Big Data is influencing our daily lives in ways we often don't realize.
    “If you thought the internet was a big deal, you haven't seen anything yet.”
    @ 03m 50s
    March 26, 2014
  • Sustainability and Big Data
    Businesses are leveraging Big Data to enhance sustainability and efficiency.
    “The next level of sustainability for business is leveraging big data to change operations.”
    @ 09m 36s
    March 26, 2014

Episode Quotes

  • If you thought the internet was a big deal, you haven't seen anything yet.
    Taming Big Data
  • Big Data is starting to influence and impact our lives in many ways.
    Taming Big Data
  • The power of Big Data is incredible; it reveals insights never imagined.
    Taming Big Data

Key Moments

  • Big Data Explained01:49
  • Daily Impact03:59
  • Sustainability Revolution09:36

Words per Minute Over Time

Vibes Breakdown

Related Episodes

Wharton Professors Eric Bradlow and Peter Fader on "The Data Dilemma"
March 19, 2009
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
04:58
Wharton Professors Eric Bradlow and Peter Fader on "The Data Dilemma"
Leveraging Customer Analytics for Business Success
September 28, 2016
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:10
Leveraging Customer Analytics for Business Success
Decision-Driven Analytics in the Era of AI
June 25, 2024
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
12:41
Decision-Driven Analytics in the Era of AI
Profiting from The Data Deluge
November 04, 2011
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
25:23
Profiting from The Data Deluge
For the Win: Using Connected Strategies to Gain a Competitive Advantage
May 20, 2019
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
30:41
For the Win: Using Connected Strategies to Gain a Competitive Advantage
How NHL Teams Really Use Analytics
May 13, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
01:01:53
How NHL Teams Really Use Analytics
The NHL’s Most Valuable Skill
May 14, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
00:48
The NHL’s Most Valuable Skill
What's Behind the Surge of Interest in People Analytics?
April 10, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
22:49
What's Behind the Surge of Interest in People Analytics?
Management by the Numbers
March 21, 2014
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
20:11
Management by the Numbers
How Data Expertise Helps Firms Create Social Media that Matters
August 25, 2016
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
10:52
How Data Expertise Helps Firms Create Social Media that Matters
Inside the NBA’s New Era of Analytics and Talent w/ Dean Oliver
November 10, 2025
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
01:03:47
Inside the NBA’s New Era of Analytics and Talent w/ Dean Oliver
How Agentic AI Is Transforming Marketing
January 24, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
32:19
How Agentic AI Is Transforming Marketing