Big Data experts discussed some of their concerns at the 5th Mobile Contactless Payments Innovations Conference in Chicago on Wednesday.
Panelists agreed that most companies are still trying to get their arms around the collection, analysis of and liability issues surrounding Big Data. Just the sheer amount of data is daunting. According to one report, Wal-Mart collects 4.5 petabytes of transaction data alone in a single hour.
But simply capturing the data, even the volume of data of a company like Wal-Mart is not enough, said Rajeeve....