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Without reliable data, businesses can't take risks on investments.
Big Data proponents point to the Internet for examples of triumphant data businesses, notably Google.
Gavin is a serial entrepreneur with over a decade of experience in building data businesses, 20 years in internet and software development, and a background in astrophysics.
"They all converge," said Christopher G. Caine, vice president for governmental programs at I.B.M., which is in both the smart grid and health care data businesses.
The perception of open data businesses is that they are not actually businesses at all, he says, and that of course makes it difficult to obtain investment.
Emap owns more than a dozen magazines, including Retail Week, Broadcast and Local Government Chronicle, and data businesses such as retail trend-analysis firm WGSN.
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The statistics for growth in broadband, mobile data, business customers and emerging markets all look healthy.
Mr. Chin, 48, is a market data business analyst at Credit Suisse, the investment bank, in Manhattan.
And Hadoop, the bedrock software of the fast-growing Big Data business, is on the march.
Google Ventures, of course, is hardly the only venture firm accelerating its Big Data business.
The Information services operation, which includes fashion data business WGSN and Groundsure, improved its revenues by 6% to £92.8m.
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