Big data we know is 4V, SNS data analysis, unstructured data analysis, Hadoop, future prediction, creating new opportunities, and the fourth industrial revolution. However, they do not seem to know the philosophical meaning of big data.
In January 2021, the stock price surpassed 3,000 points thanks to net buying by individual investors called Donghak ants. Many stock experts say that stock investment is different from that of previous individual investors. We often call the stock market the Ramdom Walk. This is because investments due to information asymmetry benefit significantly. On top of that, the stock market is even disrupted by the information paper, which does not know the source of the stock market in Yeouido. Efforts to eliminate the asymmetry of this information will probably be the first step in economic democracy. This is equality of opportunity and will serve as a basis for easing income polarization. This is because information and knowledge are the source of wealth in today's information society. With the advent of big data, countries around the world will push for private disclosure of public information held by their governments. It is to create new opportunities by transferring data generated and accumulated by government activities to the private sector. This is to revitalize the economy by creating many startup companies through these opportunities, which will bring new life to the market. This is because it is desirable to create a market and increase employment by fostering new industries rather than simply promoting demand in the private sector. It also drives sustainable growth in the market.
In the early and long period of the information age, many Internet companies and dot-net companies were created and disappeared with bubbles. Survivors of the market entered a fierce competition to defend their territory. In the meantime, the rapid development of information and communication technology and changes in the communication environment have been moving to smartphones handed over from PCs in the office. The mobile environment that deviates from the constraints of time and space will bring about a major change in traditional industries. Anyone can now show their influence by searching for information they want anytime, anywhere and sharing it with social networks. This is an era in which an unspecified majority of the public uses information in the past, in a small number of groups that used to utilize and monopolize information. The public consuming information always leaves a trail. He has said that searching, shopping, and chatting all remain in the storage of servers somewhere he doesn't know, and these are the sources of big data. However, there are growing concerns about personal privacy violations, personal information leakage, and the possibility of being abused for personal control. It should not be forgotten that big data is a double-edged sword that increases equality of opportunity through the expansion of information use opportunities while enabling individual control due to centralized data collection.
Steve(JongMyoung) Park, Ph.D.
Ph.D. in Business Administration
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