Little Data
So what is big data? This is what companies know about us. Aggregated from numerous sources and analyzed for patterns. Big data is what helps banks predict and flag credit card frauds. Little data on the other hand is what we know about ourselves. “What we buy. Who we know. Where we go. How we spend our time. We’ve always had a sense for these things — after all, it’s our lives. But thanks to the combination of mobile, social, and cloud technologies, it’s easier than ever to gain insight into our own behavior” writes Mark Bonchek in this HBR article.