JAN 06, 2016 | US
Bloomberg Market Minute Gets Insight From Victoria Espinel on the Impact of Today's Data Revolution
Bloomberg Radio Market Minute, December 27, 2015
Reporting by Steve Potisk
Whether it's safer transportation, improved agriculture, or life-saving medical breakthroughs, new technologies are being used to gather, store, and analyze data to solve complex challenges around the world. BSA President and CEO Victoria Espinel spent time with Steve Potisk from Bloomberg Market Minute to talk about our groundbreaking use of data.
Full Interview:
Steve Potisk: This is a Bloomberg Market Minute. Software has been changing our daily lives, and one of the biggest ways is by allowing us to collect and use data more efficiently.Victoria Espinel: “The power this is going to give us as human beings in terms of scientific advancements, in terms of improvements in our daily life, in terms of agriculture, in terms of health. It’s really incredible.”Steve: Victoria Espinel, chief executive of the Business Software Alliance. In a new report it points to farmers using data from seeds satellites and sensors about what to grow and when to plant.Victoria: “You look at the entire history of humanity, 90% of the data that exists in the world today was created in the last two years.”Steve: Researchers have developed an algorithm that can predict cardiac arrest four hours in advance using real-time data and a patient’s medical history. And according to the BSA, if harnessing data made industries just 1% more efficient it would add nearly $15 trillion to global GDP by 2030. I’m Steve Potisk, Bloomberg Radio.
Audio © 2015 Bloomberg L.P. All rights reserved. Used with permission.
ABOUT BSA
The Business Software Alliance (www.bsa.org) is the global trade association of the enterprise software industry, representing companies that are leaders in artificial intelligence, cybersecurity, cloud computing, and other cutting-edge technologies. We work in over 20 markets in the US, Europe, and Asia, advocating for policies that build trust in technology so that every industry sector and the public can benefit from innovation. BSA also supports its members and their customers by raising awareness of the risks of unlicensed software use and the benefits of software asset management, driving license compliance and software adoption around the world through sound IT procurement.