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Leveraging The Value Of Big Data In The Cloud
 

Leveraging The Value Of Big Data In The Cloud

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The volume of data being created and made accessible via the cloud by individuals and enterprises is rising exponentially. Whether by intent, or as an unintended consequence of our activities, our ...

The volume of data being created and made accessible via the cloud by individuals and enterprises is rising exponentially. Whether by intent, or as an unintended consequence of our activities, our digital world is generating a data footprint unprecedented in magnitude. We call this emerging phenomenon big data. While big data presents a number of challenges related to such areas as data management and privacy, it clearly introduces a whole new set of opportunities for individuals and organizations. Massive stores of data, and here's the key: openly accessible, enables completely new innovation. Harvesting this data can result in formerly unanswerable questions to get answered; it may enable completely new questions to be asked; and re-purposing the data can create completely new value.

Big data is quickly becoming a boon for decision-makers in any capacity. Provide open-access to your data to your staff or the marketplace, and they may present it back to you in ways that boost your business or build new opportunities. Governments all over the world are making available their massive data warehouses in standard formats via the cloud that are empowering citizens to build new applications and apply new solutions to everything from crime fighting to resource allocation. This presentation is a primer into this emerging and valuable space. It will cover a thorough explanation of big data, why it matters, where it is headed, and the opportunity for organizations. While it will focus on the positives of big data, it will touch on some of the implicit risks and challenges.
Want to know more? Contact me: twitter.com/reichental

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    Leveraging The Value Of Big Data In The Cloud Leveraging The Value Of Big Data In The Cloud Presentation Transcript

    • Leveraging the Value
      of Big Data in the Cloud
      Dr. Jonathan Reichental
      March 2010
    • What is Big Data?
      Where are we headed?
      What are the opportunities?
    • Large Hadron Collider
      &
      Swine Flu
      Slide 3
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Data economics are shifting.
      We’re moving from data scarcity to data abundance.
      Slide 4
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 5
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Digitization
      Plummeting cost of storage
      Standards
      Interpreting unstructured data
      Social computing
      Accessibilty
      Some drivers of the data deluge:
      Slide 6
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • More texts are generated per day than the population of the planet.
      Every minute, 20 hours of video is uploaded to YouTube.
      Facebook users upload 2 billion photos each month.
      4.2 million closed-circuit cameras in the UK. One for every 14 people.
      Slide 7
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Credit card transactions + Tweets +Bar code swipes +Medical records+ Financials +
      Government data + Location information +Blogs+Knowledge documents + so much more
      Slide 8
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • …and soon China and India will join in big numbers.
      Slide 9
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Phew! Now what?
      …650% growth in enterprise data within 5 years
      …85% of enterprise data unstructured
      …value being driven out of intellectual property
      …much less anonymity
      …data leakage
      …persistence of memory
      But let’s discuss the opportunities…
      Slide 10
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 11
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 12
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 13
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 14
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 15
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 16
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 17
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 18
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 19
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • What might this mean for the enterprise?
      Slide 20
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • New Tools +
      New Skills +
      New Mindset +
      Innovation
      Slide 21
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 5New Opportunities to Bring Back to Your Organization
      Slide 22
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 1. Answer formerly unanswerable questions.
      Slide 23
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 2. Formulate new questions.
      Slide 24
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 3. Make more informed, evidence-based decisions.
      Slide 25
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 4. Democratize your data and unleash innovation.
      Slide 26
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • 5. Visualize invisible knowledge.
      Slide 27
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Big Data is a Big Deal.
      The challenges are clear but the opportunities are abundant.
      Summary
      Slide 28
      March 2010
      Leveraging the Value of Big Data in the Cloud
    • Slide 29
      March 2010
      Leveraging the Value of Big Data in the Cloud
      To take advantage will require:
      New Tools +
      New Skills +
      New Mindset +
      Innovation
    • Slide 30
      March 2010
      Leveraging the Value of Big Data in the Cloud
      Here are five new opportunities:
      Answer formerly unanswerable questions
      Formulate new questions
      Make more informed, evidence-based decisions
      Democratize your data and unleash innovation
      Visualize invisible knowledge
    • Slide 31
      March 2010
      Leveraging the Value of Big Data in the Cloud
      Are you ready to leverage big data in the cloud?
    • If you would like a copy of this presentation, tweet me:twitter.com/reichental