Inside the Briefcase
Why Did Warren Buffett Invest $10 Billion In Big Data?
September 24, 2012 1 CommentSOURCE: Seeking Alpha
Legendary investor Warren Buffett is famous for buying the basics, companies that make everyday products like soaps or razors. He has avoided early-stage investments in tech companies for the past four decades. But a trend is fast emerging in technology that’s so big even Buffett can’t ignore it. In fact, he just invested $10 billion into it.
Big Data: A New Trend Emerging
“Big data” refers to the volume of digital data being collected around the world. Over the past two years, we’ve seen an explosion in data creation. Everyday, we create 2.5 quintillion bytes of data. This data comes from everywhere: sensors used to gather climate information, digital pictures and videos, purchase transaction records, and cell phone GPS signals just to name a few. Billions of people every day are posting new information to their Facebook, YouTube, and Twitter accounts.
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