Obama Administration Places $200 Million Bet On Big Data

wiredmikey writes "As the Federal Government aims to make use of the massive volume of digital data being generated on a daily basis, the Obama Administration today announced a 'Big Data Research and Development Initiative' backed by more than $200 million in commitments to start. Through the new Big Data initiative and associated monetary investments, the Obama Administration promises to greatly improve the tools and techniques needed to access, organize, and glean discoveries from huge volumes of digital data. Interestingly, as part of a number of government announcements on big data today, The National Institutes of Health announced that the world's largest set of data on human genetic variation – produced by the international 1000 Genomes Project (At 200 terabytes so far) is now freely available on the Amazon Web Services (AWS) cloud. Additionally, the Department of Defense (DoD) said it would invest approximately $250 million annually across the Military Departments in a series of programs. 'We also want to challenge industry, research universities, and non-profits to join with the Administration to make the most of the opportunities created by Big Data,' Tom Kalil, Deputy Director for Policy at OSTP noted in a blog post. 'Clearly, the government can't do this on its own. We need what the President calls an 'all hands on deck' effort.'"