Data Mining: One of the best ways to obtain virtual data

Regarding data mining, everyone agreed that this is one of the best ways to obtain virtual data.

Some economists argue that it is often difficult to estimate the true value of new technologies, and that Big Data may already be delivering benefits that are uncounted in official economic statistics. Cat videos and television programs on Hulu, for example, produce pleasure for Web surfers — so shouldn’t economists find a way to value such intangible activity, whether or not it moves the needle of the gross domestic product?

We will end this article with some numbers about the sumptuous growth of data available on the internet.  There were 30 billion gigabytes of video, e-mails, Web transactions and business-to-business analytics in 2005. The total is expected to reach more than 20 times that figure in 2013, with off-the-charts increases to follow in the years ahead, according to researches conducted by Cisco, so as you can see we have good premises to believe that 2014 will be at least as good as 2013.

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