Data-as-a-Service - The Next Big Thing?

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Data-as-a-Service has significant potential to become accepted mainstream. We explore the factors that can contribute to DaaS' success.

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Data-as-a-Service - The Next Big Thing?

  1. 1. Can Data-as-aService be the Next Big Thing? PromptCloud’s Perspective © PromptCloud 2013. All rights reserved. 1
  2. 2. DaaS is integral to BI and Analytics • According to market research firm Gartner, the SaaS market will grow to $22.1 billion by 2015. DaaS, which is increasingly an integral part of BI and analytics, is poised to garner a decent share of this pie. • By 2020, the scope of pattern recognition and data analysis in real-time will improve with an advancement in technology. Even more open source, DIY tools will lead the way towards user innovation, enabling an improved understanding of people and the world. • Big data has become a crucial aspect of strategic intelligence of many corporations, providing them competitive advantage by enhancing the value that various business functions deliver. © PromptCloud 2013. All rights reserved. 2
  3. 3. DaaS and Business Intelligence • The business intelligence space is growing faster than many organizations would have anticipated. Companies are moving towards more comprehensive insights concerning consumer behavior and internal processes. • This has led them to move beyond the traditional data management towards more intelligent, real-time and proactive BI analytics. • Earlier, organizations that were using licensed software applications, are now hiring out vertical-specific data service providers that also bring along analytic capabilities. Apart from BI, many other industries such as healthcare are witnessing rapid adoption of big data, proving to be a real life-saver. © PromptCloud 2013. All rights reserved. 3
  4. 4. Personalization of Customer Experience • The future of e-commerce is mass personalization, and to achieve that, humongous amounts of data needs to be monitored, analyzed and recommendations made in real-time. • For example, if a user inputs a search term for (say) Apple's iPhone 5S, suggesting an iPhone case that suits the user's taste (based on past buying experience or profile) within milliseconds can be done using data. • Online services such as Amazon, Google Play store, Netflix already provide real-time recommendations on the basis of previous behavior or profile of a user. This not only saves the user's time but also enhances user experience as they're introduced to products that they only had a latent need for. © PromptCloud 2013. All rights reserved. 4
  5. 5. Use of Data in Influencing War Sentiment • According to Sean Gourley of Quid, governments are increasingly using big data in war zones to predict attacks or influence violent sentiments on social media. • In the future we can expect data to be a core part of war strategies, and a major tactical advantage. • Sean also mentioned that to solve the biggest problems of the world, a shift in focus from data science to data intelligence is required. • The primary difference between these two is that while data science is about finding correlations, data intelligence refers to solving real problems. © PromptCloud 2013. All rights reserved. 5
  6. 6. Roadblocks to DaaS adoption (1/2) • A few limitations still exist in mass adoption of DaaS. While some of these are addressable, for others changes in the current tech capabilities would be necessary. • For instance, data transparency for people and an open access to analytical tools are necessary for creating a conducive environment for big data. For making judgements on data and to derive insights, human intervention will still be required. • We must also figure out a way to keep up with the burgeoning rate at which data is expanding. © PromptCloud 2013. All rights reserved. 6
  7. 7. Roadblocks to DaaS adoption (2/2) • Analysts regularly encounter roadblocks while processing exabytes of data due to the volume of data sets from various verticals, devices and platforms such as web, research, email, social media, meteorology, genomics, etc. • This rapid expansion is attributable to an internet of things, feeding sensory data from various devices in real time. • DaaS integration must be aimed at achieving simplicity. Towards that, it should derive from SaaS - which has based its growth on simplified business processes. As more and more business people realize the importance of real-time data capture and analysis, data as a service is set to become an integral part of BI. © PromptCloud 2013. All rights reserved. 7
  8. 8. Thank You. Follow our updates on Linkedin and Twitter. © PromptCloud 2013. All rights reserved. 8

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