Like Hansel and Gretel’s little breadcrumbs, we leave trails of information behind us about our preferences and buying habits as we browse the internet. This information means that the products and services offered to users are becoming more and more personalised.
This forms the basis of the digital revolution, of the “big data” phenomenon which has only just begun. The volume of information available to us increased a hundredfold between 1987 and 2007. Since then, it has doubled every two years.
This data “is alive: it can be updated, supplemented, extended...and can also be passed between different parties. This is companies’ data capital: it is the foundation for their future economic activity,” says Philippe Wahl, President of Le Groupe La Poste. Kevin Carillo, a Professor at Toulouse Business School, confirms this : “Company strategies are set to become increasingly ‘data-driven’, as big data plays a key role in bringing about innovation and new economic models.”