In What the $&@#^ is Applied Big Data, venture capitalist Greg Sands raises an issue about which I as a scientist (and not just a "data scientist") have often expressed concern.
"The world is awash in data. Figuring out what to do with it is the problem. The press is littered with reports about Big Data. Many CIOs report that their CEOs have come to them and said, “We need some of that Big Data.” That often means make sure we’re collecting all the available data, often deploying a new Hadoop-based infrastructure to store and analyze it. After this elaborate process and extensive investment, they’ll start mining to figure out if there are critical insights that come out of the data. We see many entrepreneurs that start the same way. Aggregate data and look for a problem."