by Prof. Dr. Dirk Helbing (ETH Zurich and TU Delft) and collaborators.
Motivation: As the development of the Internet of Things (IoT) is taking up speed, connected devices produce staggering amounts of data. Estimates by Cisco say that by 2020, there will be 7 times more connected things than people – devices which will produce hundreds of zettabytes of data every year. Moreover, according to IBM, data volumes will soon double every 12 hours, not just every 12 months. Then, it is neither possible to store all the data nor to transmit it all for centralized processing and optimization. Therefore, we expect a new, complementary big data paradigm to emerge. This will involve decentralized approaches, data aggregation, and “optimal forgetting” of data, also for reasons of costs, scalability, and security.