The State of Corporate Investment in Big Data

IDI, Inc., and its co-CEO, Derek Dubner, concentrate on providing risk assessment and actionable intelligence to their clients through the use of high-level data fusion techniques. IDI’s solutions deliver a rare degree of insight into today’s exponentially increasing universe of corporate and consumer data. Derek Dubner, who previously practiced as an attorney, has gained years of experience in working with ultra-high-net-worth individuals. Investing, the economy, and the use of information technology are among his main professional interests.

IDI and other companies in its field are able to process and discern patterns in the massive amounts of digitally available information commonly called “big data.” Today, more and more client firms are turning to data mining and data fusion companies to help them make sense of this rich but often hard-to-navigate resource.

One recent survey reported that, in mid-2016, more than three-quarters of the organizations queried said that they planned to maintain or step up their investments in big data over the coming few years. Yet, the same study reported that fewer than 25 percent of those entities had put a solid plan in place for its use.

Many experts in the field point out that big data can prove to be a major business game-changer, putting high-quality intelligence at the disposal of corporate decision-makers more efficiently than ever before. In addition, proponents say that the use of big data can assist in bringing innovative new products more rapidly to market by streamlining processes along the way.