The Next Frontier For Innovation, Competition and Productivity

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The Next Frontier for Innovation, Competition and Productivity

• ‘Big Data’ is similar to ‘small data’, but


bigger

• …but having data bigger it requires different


approaches:
• Techniques, tools and architecture

• …with an aim to solve new problems


• …or old problems in a better way
Why Big Data
• Key enablers of appearance and growth of Big Data
are

–Increase of storage capacities

–Increase of processing power

–Availability of data

–Every day we create 2.5 quintillion bytes of data;


90% of the data in the world today has been
created in the last two years alone
Big Data Analytics

• Examining large amount of data

• Appropriate information

• Identification of hidden patterns, unknown correlations

• Competitive advantage

• Better business decisions: strategic and operational

• Effective marketing, customer satisfaction, increased


revenue
Applications for Big Data Analytics
Multi-channel sales
Smarter Healthcare Finance Log Analysis

Homeland Security Traffic Control Telecom Search Quality

Manufacturing Trading Analytics Fraud and Risk Retail: Churn, NBO


Healthcare
• 80% of medical data is unstructured and is clinically
relevant

• Data resides in multiple places like individual EMRs,


lab and imaging systems, physician notes, medical
correspondence, claims etc

• Leveraging Big Data


• Build sustainable healthcare systems
• Collaborate to improve care and outcomes
• Increase access to healthcare
Market Size

By 2015 4.4 million IT jobs in Big Data ; 1.9 million is in US itself

Source: Wikibon Taming Big Data


India – Big Data
• Gaining attraction

• Huge market opportunities for IT services (82.9% of


revenues) and analytics firms (17.1 % )

• Current market size is $200 million. By 2015 $1


billion

• The opportunity for Indian service providers lies in


offering services around Big Data implementation
and analytics for global multinationals
India will require a minimum of 1 lakh data scientists in the next couple of years
in addition to data analysts and data managers to support the Big Data space.
NoSQL : non-relational or at least non-SQL database
solutions such as HBase (also a part of the Hadoop
ecosystem), Cassandra, MongoDB, Riak, CouchDB, and
many others.

Hadoop: It is an ecosystem of software packages,


including MapReduce, HDFS, and a whole host of other
software packages
Thank you 

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