Executive Boardroom | Big Data and Analytics at the Next Level
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Big Data and Analytics at the Next Level

Executive Boardroom - 11:35 am - 12:00 pm

The explosive growth of data volume and data variety that have characterized this new big data era are set to head in a steeper upward trajectory as IoT moves from being a fringe technology, to a mainstream capability. When a single Boeing 787 is able to capture 70Tb of data per flight from thousands of individual sensors throughout the vehicle, just imagine the data volume that can be captured when not just every plane, or even every vehicle, but every device and every individual is streaming a constant set of status information. Data growth by itself however is only a small portion of the story, as to have value this data must be analysed in essentially real-time in order to create actionable outcomes.

Takeaways:

  • Big data today may be big, but every single one of the v's that compose it (Volume, Variety, Velocity, Veracity and Value) is set to increase exponentially as a result of IoT
  • The ability to analyse, interpret, and find meaning in this vast sea of data will be single biggest differentiator in enterprise success
  • Enterprises will have to walk a fine line when it comes to privacy of the information they collect to ensure the continued ability to do so