Big Data equals big business for Singapore

Big Data is a buzz words which mean business opportunity. Starhub involved in Big Data with its Smarthub, a data analytic platform.

Intel also involve in Big Data, base on an article on the latest The Edge.

Will the Big Data bring big $?

Big Data equals big business for Singapore

SINGAPORE — Big Data is big business. This was shared by Managing Partner of Data Collective Matt Ocko, who spoke at the Vertex Innovation Forum 2013 yesterday.

Organised by Temasek-owned Vertex Venture Holdings, the forum detailed what Big Data is and why companies would benefit from jumping on this bandwagon. Data Collective is the world’s first Big Data-only early stage investment fund.

http://www.todayonline.com/tech/big-data...-singapore

Big Data Analytic is nothing new. Just that the market repackage it. Used to call Business Insight Analytic

Big Data means big bubble! Another Dot.com bubble is building up.

(18-03-2013, 10:26 AM)palantir Wrote: Big Data Analytic is nothing new. Just that the market repackage it. Used to call Business Insight Analytic

Yes, agree. But it attracts much more business attentions now. Probably due to technologies breakthrough to include multimedia data e.g. video and voice into the data been analysed

Trying to educate myself with the topic by reading more.

All because of Google (MapReduce) and Apache (Hadoop).

Actually, it is just business analytics on a massive scale, with strong emphasis on unstructured data.

(18-03-2013, 11:26 AM)LionFlyer Wrote: All because of Google (MapReduce) and Apache (Hadoop).

Actually, it is just business analytics on a massive scale, with strong emphasis on unstructured data.

Yes, IMO, the changes that attract business attention can be summarized as

- low cost yet effective platform e.g. Google (MapReduce) and Apache (Hadoop)
- Inclusion of unstructured data e.g. multimedia data

The next to observe is how much help it offers on business promotion's productivity.

One major catalyst for Big Data explosion has been the declining cost of data storage and processing. Moore's law in play. There is a rush by corporates into IT investments in the hope of harnessing valuable insights that can either improve their operations, lower cost to serve customers and even create new revenue streams. Tesco and its Clubcard had shown how data to insights can become a competitive advantage in a competitive landscape.

Having said that you can give your gf/wife the best cooking pans, but she probably can't cook up a 5 star dish. My wife will probably argue one does not need to be a good cook to be a good wife too- fair play. So back to big data, it is overrated to a certain extent till demonstrated by the user to possess the ability to derive big insights.

An interesting mega trend nonetheless.

I always thought whether is businesses big enough to generate that sort of large datasets to warrant a big data solution in the first place and whether the insights are significant in the first place. Not everyone is a Google or Amazon.

tech bubble unlikely lah If you look at history the x factor that always triggered a technology race or tech boom has always been external factors that led to it.

Russian Sputnik - Americans were caught napping when the news broke all rushed to create their space program from the ground up which created a generation of techies and later spun the likes of apple microsoft oracle etc ..

Y2K - everybody woke up one day and decided this was really a big issue and all rushed to get it fixed, it led to dramatic increased in IT services there were more programming jobs than there were programmers. I even heard software companies were charging US$3-5 per line of code for a program that would typically have thousands of lines of code to modify. As a result IT budgets ballooned managers had money to spend and they did it furiously until the balloon burst. Locally education institutions that provided IT courses and program like informatics/TMC were booming. Other companies CSA SCS NCS frontline all were boomtown charlie

So if you want to have a tech boom look to the external - do you see anything on the horizon yet

(18-03-2013, 06:40 PM)FatBoi Wrote: One major catalyst for Big Data explosion has been the declining cost of data storage and processing. Moore's law in play. There is a rush by corporates into IT investments in the hope of harnessing valuable insights that can either improve their operations, lower cost to serve customers and even create new revenue streams. Tesco and its Clubcard had shown how data to insights can become a competitive advantage in a competitive landscape.

Having said that you can give your gf/wife the best cooking pans, but she probably can't cook up a 5 star dish. My wife will probably argue one does not need to be a good cook to be a good wife too- fair play. So back to big data, it is overrated to a certain extent till demonstrated by the user to possess the ability to derive big insights.

An interesting mega trend nonetheless.

Agreed. Anyone whom have done some data analytics know that the information derived is pretty irrelevant due to the dynamism of business environment.