ThinkForward50

#ThinkForward50
How can you leverage new technologies in Big Data to ensure success now, and in the next 50 yrs?
   9 years ago
#ThinkForward50#ThinkForward50 (Part 2)Deep-dive into business agility & find out how you can ensure success now and in the next 50 years.
Yasir Yousuff
Which industries contribute most to the data jungle and what segments can benefit the most from it?
Sanchit Vir Gogia
great ques! IMHO both B2B and B2C industries can equally gain from #BigData - enough and more examples from both segments
Dmitri Chen
all of them. Countless use cases...
Sean Lee
Ah the million $$ question! We see benefits across all segments, but def lots of activities in telco, finserv and retail.
Dmitri Chen
EMC & Pivotal assist customers identify right use cases, prove value, deploy data lake, and reskill
Sean Lee
Oh and don't forget IOT... lots of industrial use cases there. That's one of the reasons why GE invested in @Pivotal!
Sanchit Vir Gogia
more obvious ex from B2C with #CustomerEngagement use-cases, but distribution intensive industries (B2B) also using real-time data to improve operational efficiencies.
Yasir Yousuff
Media and entertainment, Banking, Telcos, Healthcare...
Dmitri Chen
example: EMC customer transforming agriculture by precision farming through real time analysis of moisture level, climate etc
Yasir Yousuff
@88_dmitri thats the human face of big data!
Dmitri Chen
example: Airline industry can change the game with real-time engine service, improving profitability and averting disaster
Sanchit Vir Gogia
a good use-case is use of real-time traffic information in Sweden to improve traffic condition and reduce congestion!
Dmitri Chen
example: massive Korean manufacturer optimizing manuf process to deliver near zero defect rates
Yasir Yousuff
We need that for sure!
Yasir Yousuff
So a broad range of use cases....all helping to make lives better!
Dmitri Chen
u have a Korean phone? #lol
Suman Saurav
@FaceofBigData lot of use cases in healthcare, citizen services, targeted subsidy, predicting disasters
Sanchit Vir Gogia
one of the most impressive use-case is use of real-time data by first responders like Ambulance to alert hospitals of patient health ahead of reaching
Sean Lee
Here is a good example from a regional telco provider http://bit.ly/1CMlNe... @PivotalSG
James Butler
Inovalon is a great example of how big data is being used in the evolution of the healthcare industry. Patient data from thousands of disparate sources is combined to provide the analytical insights to inform, enable and empower the point of care
Yasir Yousuff
The skills gap in Asia - how can businesses that want to survive the data explosion survive without having to dig deep holes in finance?
EMC Singapore
It's interesting that only 58% of respondents in APJ believe their org has the right level of skills and knowledge to complete business priorities successfully. #EMCForum
Dmitri Chen
Pivotal, EMC and Temasek Polytechnic recently launch Singapore’s First Data Science Academy
Dmitri Chen
Data Science Academy will help meet demand for data science professionals and support Singapore’s vision to become a Smart Nation
Sean Lee
The deep holes in finance originate from doing big data projects in piece meal and outsourced. Big data is not a one time thing, it’s an ongoing process.
Dmitri Chen
EMC also offers a course in Data Science & Big Data Analytics through its EMC Academic Alliance initiative
Sean Lee
That's why @PivotalSG and @EMCSingapore facilitated these #datascience curriculum in Singapore
Yasir Yousuff
How does this position Singapore as part of its Singapore50 vision?
Dmitri Chen
it's the WHO part of the answer to that vision
Yasir Yousuff
So people skills are a gap and EMC is investing together with the government to address this
Dmitri Chen
but Big data is a team sport –including IT Operator, Data Scientist, App Developer, LoB use, business and IT
Suman Saurav
If we get this right, SG can emerge as an analytics hub for Asia
Sanchit Vir Gogia
talent availability continues to the biggest pain point stalling projects 65% orgs in #AsiaPacific are struggling to find #Talent
Yasir Yousuff
An opportunity for Singapore again to become a regional hub...for data scientists!
Dmitri Chen
Dear GenX/Y/Z, Opportunity Knocks.
Sanchit Vir Gogia
Challenge right now is not just finding talent, but those who understand the industry and the use-case - one size does not fit all!
Suman Saurav
@EMCAcademics can help build skills at the college level. EMC Education Services at the professional level
Yasir Yousuff
Singapore sees itself as the #dataanalytics hub for the region. What is the market size and the opportunity here?
EMC Singapore
IDC predicts #BigData & #Analytics in APeJ will continue to grow at 34.1% CAGR to S$3.31bil in 2017. In Singapore, #dataanaytics market can generate an additional S$10bil to S$17bil per yr for the SG economy.
Sean Lee
The opportunity is tremendous here in the region. @PivotalSG and @EMCSingapore are working with customers across different sectors, and the projects are getting quite interesting.
Yasir Yousuff
Thats a huge market indeed and growing rapidly!
Dmitri Chen
why? Because by 2020, 7 bn+ people, millions of new biz, and 30 bn+ devices, will be connected to the Internet
Sanchit Vir Gogia
Singapore is one of the most mature markets here in the region and most #CIO conversation are rich with business outcome discussions
Yasir Yousuff
So its real and happening already?
Dmitri Chen
it's a daily conversation with nearly every one of our customers
Sean Lee
Folks are getting more familiar with the topic, and it's now moving from thinking into planning and execution.
Sanchit Vir Gogia
In a recently concluded study we @Greyhound_R found that more than 75% orgs are already either planning or running a #BigData project
Sean Lee
Lots of projects with leading telco and finserv customers, data science engagements at IDA, as well as establishing a big data diploma with the Temasek Polytechnic.
Yasir Yousuff
Thanks, good to understand the size of the market and examples of real customers
Sean Lee
IOT is starting to be an emerging trend here as well, in Singapore and SEA. THAT my friend is true #BIGDATA
Yasir Yousuff
What are some of the complexities with big data? How can companies manage the volume, velocity and variety of data on their IT? where/how do they start?
Dmitri Chen
Unprecedented convergence of people, business and things is disrupting existing business models
EMC Singapore
Good question, especially since industry estimates suggest >75% of storage capacity shipped is to support unstructured data. Driven by #IoT and megatrends this is doubling every 2yrs #DigitalUniverse
Sanchit Vir Gogia
Great question! Currently orgs are using multiple approaches to manage #BigData projects - more than 45% testing/using Hadoop environment
Dmitri Chen
data that's accumulated for as long as a company has been in biz. Multiple sites, 100s of systems & 1k's of devices/sensors
Sean Lee
Defining the top priority business problem that can be solved by big data solution is where the initial complexity will come in.
Dmitri Chen
Steps to harness Big Data 1) gather all data 2) apply new analytics techniques 3) build new apps, biz models
Sanchit Vir Gogia
But the real challenge at hand is relative immaturity of best practices - #methodologies, #governance and #security
Yasir Yousuff
So there is a lot of data sitting around with firms and they can use this to get insights?
Sean Lee
Dealing with real-time seems to be an issue as well.
Dmitri Chen
yes it's everywhere. It's at the top of C-suite agendas to build new end user / customer experiences
Dmitri Chen
for insights: Key is to focus on business outcomes and not low level technology
Sanchit Vir Gogia
great point! Yes,orgs still unclear on how to avoid silo from existing information management architecture
Sanchit Vir Gogia
another key challenge is involving business leaders in #BigData projects - 65% CIOs in #AsiaPacific struggle with this!
Sanchit Vir Gogia
if not explained well by the #CIO, #BigData can quickly turn to #BadData for #CMO and other business leaders!
Sanchit Vir Gogia
A great way to solve this is to have business leaders fund and own #BigData projects, while #IT team can implement and manage tech
Sanchit Vir Gogia
1 in 3 orgs in #AsiaPacific today are using #Cloud infrastructure to better manage #BigData projects