Does this statement from the class text, does it mean the same thing?

Statement from the class text..

"Companies now have access to huge sources of data, and the technology is now available to use huge data sets for quantitative analysis, predictive modeling, optimization, and simulation. In short, the same quantitative methods that have been used for years can now be even more effective by utilizing big data and the corresponding technology"

Statement... Does it carry the same meaning?

Technology makes it possible to collect huge amounts of data.