Big data in Business Innovation

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  • 1. Big Data in  Business Innovation Rajendra Akerkar Vestlandsforsking, Norway
  • 2. R. Akerkar 2
  • 3. Big data value • Total  coverage Volume R. Akerkar Velocity • Real‐time  insights • Self‐ reinforcing  diversity Variety 3
  • 4. Big Data to Insight R. Akerkar 4
  • 5. Data can turn into  valuable input • Data-to-Information is the main source of big data value for business models where information is the core source of value. o The data is “mined” for valuable information and the value is created the moment the search succeeds. • Data-to-Product/Process effect occurs when insights from data analysis need to be implemented in the physical world to bring value to an enterprise. • Data-to-Management steadily brings data based information into a company’s decision making process R. Akerkar 5
  • 6. Open data R. Akerkar 6
  • 7. Data‐driven management R. Akerkar 7
  • 8. DATA Large volume of deep, longitudinal data covering a  diverse population. Large public investments in genomics, biobanks and integration of disease registries. INSIGHT Deep research Expertise. Specialised health data analytics  centres. VALUE R. Akerkar Large scale trials for diverse populations Models for commissioning Early stratification Pharmacovigilance 8