A Survey of Big Data Technologies and Internet of Things for Economic Growth and Sustainable Development

Paul Adeoye Omosebi () and Adetunji Adewole ()
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Paul Adeoye Omosebi: Centre for Econometric and Allied Research, University of Ibadan. Department of Computer Sciences, University of Lagos.
Adetunji Adewole: Department of Computer Sciences, University of Lagos.

No 52, Working Papers from Centre for Econometric and Allied Research, University of Ibadan

Abstract: Big Data is a source of innovation that has captured the attention of citizens and decision makers in both the public and private sectors. Making use of the technology innovations in big data could contribute to economic growth and sustainable development and to capture the explosive growth of big data. For some time now, the world has stepped up in its focus on evidence based policy making and monitoring of development progress, hence the measurement and analysis of diverse sources of data, combined with advanced analytics, promise to create value for decision makers and society hence for economic growth and development. There are 17 Sustainable Development Goals (SDGs), 169 SDG targets and 230 SDG indicators, The 17 Sustainable Development Goals and 169 targets demonstrate the scale and ambition of this new universal Agenda of countries to collect and maintain relevant standardized data such that it will support domestic technology development, research and innovation in developing countries. This paper highlights the new technological innovations in big data and cloud computing which can lead to economic growth and sustainable development. Also, we present a comprehensive survey of the Big Data challenges, Big Data technology challenges, cloud computing and relevant technology landscape like Internet of Things (IoT) towards economic growth and technological innovation.

Keywords: big data; cloud computing; technology innovation; sustainable development; internet of things (search for similar items in EconPapers)
JEL-codes: M15 O32 O40 Q01 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2018-03
New Economics Papers: this item is included in nep-big, nep-env, nep-ino, nep-knm and nep-pay
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