Data Innovation Day on May 11 is an event that looks at the latest innovations and analyzes the hurdles in the path of government data. In this day and age, data innovation reigns supreme because of the advancement in technology and globalization. Hence, the government is always searching for individuals who are interested in researching the industry. If you hold an interest in data innovation, data insights, and cutting-edge technology, this event is for you. Have some bright ideas regarding data innovation? Well, now is the best time to make the pitch.
History of Data Innovation Day (Data Innovation Summit)
The Federal Laboratory Consortium for Technology Transfer (F.L.C.) is behind the celebration of Data Innovation Day, and the organization ensures that an event takes place every year to encourage creative minds to come forward. But what really is F.L.C.? It is basically a nationwide network of over 300 federal laboratories, agencies, and research centers. The aim of the network is to advance federal technologies and make them available to the masses. The funds for the research being conducted, and the setting up of high-tech labs, are retrieved from American taxpayers. However, these funds are put to good use because they create opportunities for breakthrough technologies. In effect, more jobs are created for the citizens. So in a way, the Data Innovation Day event is crucial for the economy to prosper.
The history of data innovation, on the other hand, is a complicated route that took decades to develop. Can you believe the term ‘business intelligence’ did not even exist until 1865? The phrase was coined by Richard Miller Devens in the “Cyclopædia of Commercial and Business Anecdotes.” In the book, he also described how a banker used information from his environment to increase his profits. The advancement in data technology further occurred in 1884 when Herman Hollerith invented the punch card tabulating machine. The device was used to process data. This is the role the machine performed in the 1890 U.S. Census. In 1911, Herman founded the Computing-Tabulating-Recording Company. This company later became the haven of technology that we know today as I.B.M.
Data Innovation Day (Data Innovation Summit) timeline
Plans are formulated in the U.S. to build a data center that stores tax returns and fingerprints on magnetic tape.
C.P.U.s process over 9.57 zettabytes of data.
The Big Data Research and Development Initiative is announced.
The global market for big data reaches $10 billion.
Data Innovation Day (Data Innovation Summit) FAQs
What is a data summit?
A data summit gathers business and government agencies to find solutions linked to data storage and protection.
What is a data innovation?
Data innovation is the process of understanding a problem and creating a technologically advanced solution for it.
Why is data innovation important?
It is essential to enhance productivity.
Data Innovation Day (Data Innovation Summit) Activities
Attend an event
To celebrate the day, attend the Data Innovation Summit event that takes place to mark the celebration. Don’t worry, you don’t need to be a pro in the field to understand innovations.
Dig into the history of data
Interested in the history of data innovation? This is the perfect time to research it and discover the decades of efforts put in by the U.S. government.
Hold a data innovation contest
Why not encourage people in your town by hosting an event of your own? You can ask the local stores and brands to sponsor the prize for the winner.
5 Facts About Data That Will Blow Your Mind
Data generated by companies
It can be around 2,000 terabytes of data a day.
The benefit of data-driven companies
They are 23 times more likely to acquire customers
Downloading everything on the internet
It would take 181 million years to download all the data
Investing in A.I. and big data
97.2% of organizations are investing in these innovations.
The hard drive cost per gigabyte
It was $500,000 per gigabyte, in 1981
Why We Love Data Innovation Day (Data Innovation Summit)
It talks about the importance of data
The holiday addresses the importance of data innovation. It encourages people of all ages to continue to experiment and develop data technology.
It spreads information
The day contributes to spreading information about technological developments. Innovations in data technology affect even people who are not tech-savvy
It promotes the endeavor
The day promotes the profession and encourages young people to venture into the field since the future is technology.
Data Innovation Day (Data Innovation Summit) dates