The “data paradox” refers to a seemingly contradictory situation in the modern data landscape. Based on the book’s table of contents and common understanding in the field, it typically describes the following phenomenon:
- Data Deluge: On one hand, we are experiencing an unprecedented explosion of data. With the proliferation of digital devices, sensors, and online activities, enormous amounts of data are being generated constantly.
- Data Drought: On the other hand, despite this abundance, many organizations and individuals struggle to access or utilize the right data when they need it. They may face challenges in finding relevant, high-quality data that can provide meaningful insights or drive decision-making.