Datafication- The Trend of Today
Datafication is one of the current Technological trends, Kenneth Cukier and Viktor Mayer-Schönberger introduced the term datafication to the broader lexicon in 2013. So before understanding datafication let us discuss DATA. Data is defined as facts, figures, or information that’s stored in or used by a computer.In today’s world, The importance of data is increasing day by day. As, by analysing data many predictions can be made using computational power. With technological development now we are looking forward to Predicting much more using Data. This is where Datafication comes into picture, Basically Datafications is a Technological trend turning many aspects of our life into data. This is done using processes to transform organisations into data-driven enterprises by converting this information into new forms of value. I.e Organisations working with Conventional methods are now adopting new methods and using data in appropriate ways. With the data readily available, companies nee