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Dr. Shahbaz Ali, CEO at Tarmin - Business Transformation in the Age of Big Data
This document discusses big data and its growth. It defines big data as datasets that are too large to capture, store, manage, share, analyze and visualize with typical database tools. It notes the explosion of unstructured data from sources like social media, sensors, and financial transactions. Examples of using big data include getting insights from remote patient monitoring, product sensors, location data and surveys to improve healthcare, manufacturing, services and marketing. The document also covers opportunities and threats of big data, and examples of big data use cases.
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Dr. Shahbaz Ali, CEO at Tarmin - Business Transformation in the Age of Big Data
- 1. Business Transformation In TheAge Of Big Data Shahbaz Ali 2013 Store. Control. Understand.
- 2. Agenda Unstructured Big Data in Big Data “Big Data”? Questions Data Growth Action Use Cases © 2013 Tarmin Inc. CONFIDENTIAL 2
- 3. Big Data Buzz “Ten reasons why “The challenge– Big Data will “Why big data and opportunity– change the is a big deal” of big data” industry” InfoWorld – 9/1/11 McKinsey Quarterly—5/11 Tnooz -8/15/11 “Keeping Afloat in a Sea of 'Big “Getting a Handle “The promise of Data” on Big Data” Big Data” ITBusinessEdge – 9/6/11 Businessweek-9/7/11 Intelligent Utility-8/28/11 © 2013 Tarmin Inc. CONFIDENTIAL 3
- 4. Big Data –Dead or Alive? Smart Data Predictive Data Science Analytics Metadata – Data about Data Big Hype Cycle “Big Data” • Every vendor selling Big Data but none of them agrees on the definition © 2013 Tarmin Inc. CONFIDENTIAL 4
- 5. Our Definition Big Data Definition • Big Data refers to datasets that grow so large that it is difficult to capture, store, manage, share, analyze and visualize with the typical database software tools Store & Capture Manage & Analyze & Data Control Data Understand Data Wide range of Big Big Data is Opportunity in Data types & aggregated across patterns & trends formats dispersed data pools within data Big Data is cross- Requires analytic Simultaneous use of business unit, cross- toolkit to yield multiple tools company benefits © 2013 Tarmin Inc. CONFIDENTIAL 5
- 6. Unstructured Data Growth… Thedigitalization of the world has Financial Transactions created an explosion of volumes of unstructured data E-Medical Records Seismic Images 40,000 BCE Zettabytes Cave Paintings Compliance Driven Retention Bone Tools 3500 BCE Machine-Generated Data Writing 00 C.E. Paper 105 1450 Printing 1870 Electricity, Telephone Transistor 1947 Computing 1950 Late 1960s Internet 1993 The Web 1999 Source: IDC 2011 2010 © 2013 Tarmin Inc. CONFIDENTIAL 6
- 7. What Makes itBig Data? SOCIAL BLOG 101100101001 001001101010 101011100101 SMART 010100100101 METER VOLUME VELOCITY VARIETY VALUE © 2013 Tarmin Inc. CONFIDENTIAL 7
- 8. Big Data IsAbout… Tapping into Diverse Data Sets Finding & Monetizing Unknown Relationships Data Driven Business Decisions © 2013 Tarmin Inc. CONFIDENTIAL 8
- 9. Big Data inAction • Actionable • Acquire Insights the Data Make Decide Store Better Decisions Using Understand Control Big Data • Analyze • Manage the Data the Data © 2013 Tarmin Inc. CONFIDENTIAL 9
- 10. Big Data inAction Opportunities • Answer the unanswerables • Formulate new questions • Evidence based decisions • Democratize your data • Visualize invisible knowledge Threats • Big data is here – now • Data breaches • Intrusion of privacy • Unfair use of Data © 2013 Tarmin Inc. CONFIDENTIAL 10
- 11. Big Data UseCases Today’s Challenge New Data What’s Possible Healthcare Preventive care, reduced Remote patient monitoring Expensive office visits hospitalization Manufacturing Product sensors Automated diagnosis, support In-person support Location-Based Services Geo-advertising, traffic, local Real time location data Based on home post code search Public Sector Tailored services, Citizen surveys Standardized services cost reductions Retail Sentiment analysis Social media One size fits all marketing segmentation Investment Banking Trading System and Market Better Risk Management Understand trades Data © 2013 Tarmin Inc. CONFIDENTIAL 11
- 12. GridBank Data ManagementPlatform Feature Set © 2013 Tarmin Inc. CONFIDENTIAL 12
- 13. Thank You! Questions &Answers Store. Control. Understand.