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Big Data Considerations for Rural Property Professionals

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The promise of “big data” has been praised by the popular media. Concepts and impediments surrounding big data are discussed relative to both the current status and anticipated direction of the industry.

توضیحات محصول

ABSTRACT

The promise of “big data” has been praised by the popular media. Concepts and impediments surrounding big data are discussed relative to both the current status and anticipated direction of the industry. Rural property professionals, such as farm managers and rural appraisers, have an opportunity to position themselves and their clients to make effective use of big data. Topics relevant to big data in agriculture include farmland values, lease arrangements, data ownership, data as an asset and its valuation, and the ramifications of wireless connectivity. The challenges that rural property professionals may encounter when integrating big data into their portfolio of services are described

INTRODUCTION

There has been considerable media attention on big data in the agricultural industry and its potential value. Big data are often described by four V’s: it takes too much “volume” to move the data by conventional methods; it grows at a “velocity” too fast to analyze by conventional methods; it is contained in a “variety” of unstructured formats; and has uncertain “veracity” or quality. In this application, big data are a natural progression resulting from precision agriculture technology with the capacity to hold substantial value, especially when aggregated into a community for pooled analysis. Agricultural data fit the criteria set forth by the four V’s of big data, although the term may inaccurately, but acceptably, refer to small data or medium data at the farm level. Data from any one farm is not likely to meet all four V’s, but when aggregated into a community it is assumed that the agricultural dataset truly becomes “big”

Year : 2016

By : Terry W. Griffin, Tyler B. Mark, Shannon Ferrell, Todd Janzen, Gregory Ibendahl, Jeff D. Bennett, Jacob L. Maurer, and Aleksan Shanoyan

File Information : English Language /14 Page /Size : 815 K

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سال : 2016

کاری از : Terry W. Griffin, Tyler B. Mark, Shannon Ferrell, Todd Janzen, Gregory Ibendahl, Jeff D. Bennett, Jacob L. Maurer, and Aleksan Shanoyan

اطلاعات فایل : زبان انگلیسی / 14 صفحه /حجم : 815 K

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