What is Big Data ?

Every day, we create 2.5 quintillion bytes of data — so much, that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This data is big data.

Why is Big Data Critical

Those who can use it right, gain unbeatable strategic advantage. Some example applications are the following. Mass Customisation: From mass assembly line standard product to mass customized products, Big data is making this happen. Real Time Optimal Pricing: Based on profitability, competition price, customer preference and delivery schedule, real time optimal pricing is enabled. Survilence and Security: Using a range of data sources, predictive and preventive Security is one of the top gainers from Big Data use. Trends (From Survey by Microsoft on corporate with 1000 + employees) More than one-half (62 percent) of respondents currently store at least 100 TB of data. Most (62 percent) said developing near-real-time predictive analytics or data-mining capabilities during the next 24 months is extremely important, 58 percent rated expanding data storage infrastructure and resources as extremely important, and 53 percent rated increased amounts of unstructured data to analyze as extremely important.

How Glocalings Can Help ?

CAPTURE BIG DATA: How to establish Big Data processes that boost innovation, yield prompt business solutions. How to develop infrastructure, data provisioning and analytics. Create pilots that explore how Big Data can benefit your company. STRATEGY Develop road map to identify the capability and architecture to fully realize Big Data advantage. Create a cohesive information strategy. Control Big Data risks with new risk and governance structures, processes and protocols.

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