Data Marketplaces Provide Valuable Data Sets in the Cloud

With the mass of buzz surrounding the world of Big Data, one may be curious as to how a business can trudge through the chaos to simply find the actual data that is available. In this sort of situation, a company can refer to a data marketplace, such as the new Analytical Dataspace by 1010data. We learn in “1010data Builds a Big Data Bartering Platform in the Cloud” on Gigaom that this application provides a space to buy and sell data sets and access analytics applications. This gives companies the opportunity to “add value by adding data.” The article shares more about the concept:

Called the Analytical Dataspace, 1010data’s new offering is like the Walmart of data marketplaces in that it brings together everything you need for valuable analytics — data, applications and even some customer service. Or maybe it’s like the Goodwill of data, in that the data sets are used, but not used up. However you choose to characterize the Analytical Dataspace, though, it’s probably a good idea and probably a sign of things to come.

Once this data is obtained, it still lacks purposefulness if there is not the proper analytics technology available to make sense of the data. Action can be taken with insight enabling infrastructure, which provides the data enrichment necessary to make use of the sources and information your business gains along the way.

Andrea Hayden, September 21, 2012

Sponsored by ArnoldIT.com, developer of Augmentext