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What’s the Big Deal With Data?

Plenty, according to new report from BSA | The Software Alliance

We are generating more data today than ever before – and it’s improving everything from healthcare and auto safety to education and air travel. More than 90 percent of the world’s data was created in the last two years, and we now are doubling the amount of data created every two years. Once constrained by storage capacity, there is now expected to be enough data to stack 128-gigabyte tablets from Earth to the moon 6.6 times by the end of the decade, according to a 2014 EMC Digital Universe study.

Now, our biggest challenge is figuring out what to do with all of this information and how to leverage it – and that’s where software comes into play.

Today, BSA | The Software Alliance released a report that explores this data revolution and its positive impact on many different industries around the globe. Our What’s the Big Deal With Data? report examines the massive potential of data and dispels some common data myths. Along with the Data Innovation Executive Survey we released last December, this report shows how the benefits of data innovation stretch across the global economy and are not limited to software companies.

With lower storage costs and more powerful processing capabilities, software is unlocking valuable insights contained within data to benefit society and improve lives. Here are just a few ways data is enabling progress and revolutionizing the way we live:

  • Increasing Farming Yields.
  • Building Smart Cities.
  • Designing Energy-Efficient Buildings.
  • Reducing Commute Times.
  • Fighting Disease.

We hope this report starts many conversations about the integral role of data in our lives. The more we know about data, the better we can leverage its countless possibilities. To read our full study, please visit www.bsa.org/data.

Victoria Espinel

Author:

Victoria Espinel, President and CEO of BSA | The Software Alliance and President of Software.org: the BSA Foundation, is a respected authority on the intersection of technology innovation, global markets and public policy. She leads strategic efforts that help shape the technology landscape in 60 countries through work in BSA’s 10 global offices.

Prior to heading BSA | The Software Alliance, Espinel served for a decade in the White House, for both Republican and Democratic Administrations. Espinel advised President Obama on pivotal IP issues in her role as the first US Intellectual Property Enforcement Coordinator. She was the chief US trade negotiator on IP innovation as the nation’s first Assistant United States Trade Representative for Intellectual Property and Innovation. She has also served as a professor of international trade and intellectual property at the George Mason School of Law.

Espinel is a founding and ongoing co-sponsor of Girls Who Code’s Washington, DC, summer immersion program, which empowers young women to pursue careers in STEM fields. She speaks at conferences around the world to build visibility for the amazing things people can do with software, and encourages businesses, governments, and the public to support a policy environment that will enable even more software breakthroughs.

Espinel chairs the World Economic Forum’s Global Agenda Council on the Future of Software & Society and was appointed by President Obama to serve on the Advisory Committee on Trade Policy and Negotiations (ACTPN), the principal advisory group for the US government on international trade. She holds an LLM from the London School of Economics, a JD from Georgetown University Law School, and a BS in Foreign Service from Georgetown University’s School of Foreign Service.

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