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What’s the Big Deal With Data?

By October 21, 2015

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.

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Victoria Espinel is a global leader advancing the future of technology innovation.  

As CEO of BSA | The Software Alliance, Victoria has grown the organization’s worldwide presence in over 30 countries, distinguishing BSA as the leader for enterprise software companies on issues including artificial intelligence, privacy, cybersecurity, and digital trade. She launched the Digital Transformation Network and the Global Data Alliance, flagship BSA initiatives to further BSA’s collaboration with 15+ industry sectors globally. Victoria founded Software.org, the enterprise software industry’s nonprofit partner that educates policymakers and the public about the impact of software and careers within the industry. 

Victoria serves on President Biden’s National Artificial Intelligence Advisory Committee (Chair of the International Working Group), served as a member of the President’s USTR Advisory Committee for Trade Policy and Negotiations (ACTPN), and chaired the Future of Software and Society Group at the World Economic Forum. She is a lifetime member of the Council on Foreign Relations. 

 Victoria has testified on multiple occasions before the US Congress, European Parliament, and Japanese Diet. Victoria speaks frequently to groups about AI, cybersecurity, and STEM education, including Latinas in Tech, Girls Rule the Law, the Congressional Staff Hispanic Association, Women’s Congressional Staff Associations, Girls Who Code, EqualAI, CSIS, and numerous academic institutions. She has been featured in a wide range of media outlets, including New York Times, Washington Post, Financial Times, Forbes, C-SPAN, BBC, Bloomberg Business, The New Yorker, and NPR. 

Prior to BSA, Victoria was confirmed by the US Senate to serve as the first White House “IP Czar,” establishing a new office in the White House and advising President Obama on intellectual property. She also served in the Bush Administration as the first chief US trade negotiator for intellectual property and innovation, a role in which she created the office of Intellectual Property and Innovation at USTR and led negotiations with over 70 countries. 

Victoria launched Girls Who Code’s Washington, DC summer program and serves on the Board of Directors for ChIPs, a nonprofit organization advancing women in technology law and policy. 

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. She is a native of Washington, DC, and the proud proprietor of Jewel of the South, a restaurant in New Orleans. 

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