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Big Data: Innovation and Market Growth

Big data is large amounts of unstructured data that require new techniques and tools to analyze. Analyzing big data can provide competitive advantages through identifying hidden patterns and improving business decisions. Applications of big data analytics include healthcare, finance, transportation and many others. India's big data market is growing and is projected to be $1 billion by 2015, creating demand for over 100,000 data scientists and analysts. Technologies like Hadoop and NoSQL databases are important for working with big data.

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Aamir Fatahyab
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41 views16 pages

Big Data: Innovation and Market Growth

Big data is large amounts of unstructured data that require new techniques and tools to analyze. Analyzing big data can provide competitive advantages through identifying hidden patterns and improving business decisions. Applications of big data analytics include healthcare, finance, transportation and many others. India's big data market is growing and is projected to be $1 billion by 2015, creating demand for over 100,000 data scientists and analysts. Technologies like Hadoop and NoSQL databases are important for working with big data.

Uploaded by

Aamir Fatahyab
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

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


Smarter Healthcare

Multi-channel
sales

Finance

Homeland Security

Traffic Control

Telecom

Search Quality

Fraud and Risk

Retail: Churn, NBO

Manufacturing

Trading
Analytics

Log Analysis

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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