Data is a tool to gain further insight or information to enhance a business. We typically think about data as Big Data, Linked Data, and other innovative uses of data.
Big Data is about taking a complex set of data that is too large to use normal database tools to manage. Big Data has historically been used to track consumer behavior and trends, evaluate meteorology, genomics, connectomics, complex physics simulations, biological and environmental research, Internet search, finance and business informatics, according to Wikipedia’s “Big data” entry. There is no size requirement for big data, but it must meet the first rule about it being “too large” for databases.
Linked Data is about using the Web to connect related data that wasn’t previously linked, or using the Web to lower the barriers to linking data currently linked using other methods. More specifically, Wikipedia defines Linked Data as “a term used to describe a recommended best practice for exposing, sharing, and connecting pieces of data, information, and knowledge on the Semantic Web using URIs and RDF.” (Source: linkeddata.org)
Other Innovative Uses of Data
Data can be used in many creative ways and the contest seeks to encourage that. If teams feel they use data in a new or better way and that they do not use “Linked” or “Big” data, then they should be encourage to apply for this prize.