“With globalization, more and more markets are heading closer to perfect competition models,” said Dan Olds, an analyst with Gabriel Consulting. “This means that companies have to get smarter about how they use their data and find previously unseen opportunities.”
This is an interesting quote (sounds like it came out of an entrepreneurship theory article) from a NY Times article on a new IBM product for looking at large batches of data in real-time, System S. Isn't the dream in data analysis to have lots of data and be able to anaylze it immediately? Perhaps this will open up new areas of entrepreneurship research by unlocking the incrementals in the data. For innovation, I suspect this has event more potential as there is more data for analysis in coming to understanding of innovation. Read the New York Times story.