Futurist Speaker, Thomas Frey, DaVinci Institute
Rocky Radar: Monday’s Night with a Futurist featured Thomas Frey’s thoughts on “The Coming Data Tsunami.” Simply, this coming tidal wave exists because the rate of data creation is about to explode and exceed all solutions to store, transmit, process and extract value from the data. At the core of Frey’s thoughts on the subject is what he calls the cumulative law of information value. To paraphrase, this law says that more information, or data reserves, is more valuable and that this value grows exponentially. An important addendum to this law is that that a lag time exists between data creation and when the value from that data can be extracted. With this view on the value of information in place – postulating that it could even be a currency of the future – Frey went on to explore the challenges expected as the volume of information explodes.