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OPLIN 4Cast #623: The world is already being changed by real-time data

Posted in 4cast, and data

It should come as no surprise that the world has become data-driven. Even libraries reflect this new reality; it’s no longer unusual to see CE sessions or research papers on collecting, interpreting and even delivering data in libraries. Decision making, using collected data, is now an expected norm.

While using data to drive action is no longer a new concept, it may not have occurred to most of us that data is usually generated asynchronously. First, the data is collected, then action is considered. What if that data was being produced in real time? How would businesses, organizations and even libraries change how they operate if their customer and patron data was being created instantaneously?

We probably won’t have to wonder much longer. Real-time data isn’t coming:  it’s already here and growing. Welcome to the datasphere of the twenty-first century.

  • By 2025, nearly 30 percent of data generated will be real-time, IDC says [ZDnet] “All told, of the 150 billion devices that will be connected across the globe in 2025, most will be creating real-time data, IDC says. The global datasphere is expected to grow from 23 Zettabytes (ZB) in 2017 to 175 ZB by 2025. …The report gives this piece of advice: ‘Enterprises looking to provide superior customer experience and grow share must have data infrastructures that can meet this growth in real-time data.'”
  • China guzzles real-time data on electric-vehicle use [Nikkei Asian Review] “The Chinese government is collecting real-time data on electric vehicles driving on its roads, according to recent media reports, a practice that could provide a leg up in the development of self-driving technology but may also spark concerns about privacy protection.”
  • Sportradar Partners With Fox Sports To Provide Real-Time Data For Broadcasts [Forbes] “In the terms of the new agreement, Sportradar will be developing tools that enable the network to use machine learning to enhance their in-game and digital offerings, with a focus on incorporating real-time data into the normal graphics packages. It is a first for a major US broadcaster to embrace this new functionality and to use large-scale data analytics to expand statistical offerings during the flow of a sports broadcast. “
  • People tend to shower more efficiently when they have real-time data of their usage [ZME Science] “Nevertheless, the smart meters seem to have made an impression on them: guests who showered using meters that provide instantaneous feedback used 11.4% less energy, on average, than the guests who did not have access to this information. As such, the study published in Nature Energy suggests that these sort of meters could cut residential water use. “

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