In 2012, the Obama administration unveiled a two hundred million dollar initiative to facilitate the growth of the Big Data industry and demonstrate its potential in large-scale markets. However, the initiative was an apparent failure. Despite government endorsement, Big Data has been unable to develop into an industry in its own right; the analysis and evaluation of billions of data points remain a trend rather than an emerging technology. Tom Kalil, Deputy Director for Policy at OSTP, released a statement on behalf of the Obama administration in which he declared that “to launch the initiative, six Federal departments and agencies will announce…
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