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Big Data Shakes up Global Industry

SERIWorld.org Big Data Shakes up Global Industry Chae Seung-Byung Research Fellow, Samsung Economic Research Institute Big Data Big data at global firms Reasons for low use of big data in Korea 2 O Big data is often not collected Big data is not shared O Big data solutions providers 1 Variety 3 I Companies like IBM and SAS have platforms that provide access to big data for general firms Volume From terabytes to pentabytes Velocity Unstructured data, including video, music and social media text OA “disposable data" mindset does not build capabilities - Data is used simply to rationalize existing preconceptions New data arrives every second Futijsu "Spatiowl" Collects and provides big data from car sensors (2011) O Knowledge needed for management and analysis of big I Big data M&A Toshiba data is weak Acquired IBM's point of sales (POS) business for 8.5 billion dollars (April 2012) - Toshiba's purchase opens the door to big data from customers like Walmart - People with integrated skills are rare due to barriers between fields Preparing for the big data shock 2 Diversifying big data use at general firms It's time to stop being a spectator and build skills in big data! Four Big Data Firms Google amazon facebook. I Big data improves productivity and decision making, and helps rapidly spot problems Government Business | Core services are free or at nominal cost to obtain massive amounts of data - If their future platforms are successful, big data assets can become a source for value creation Build infrastructure by providing big data to the public sector Overcome internal barriers and Hitachi Crane "Doctor Cloud" Collects data on driver status and operations every second to prevent accidents support integrated management of big data Copyright © Samsung Economic Research Institute. All rights reserved. ----- SERIWorld.org Big Data Shakes up Global Industry Chae Seung-Byung Research Fellow, Samsung Economic Research Institute Big Data Big data at global firms Reasons for low use of big data in Korea 2 O Big data is often not collected Big data is not shared O Big data solutions providers 1 Variety 3 I Companies like IBM and SAS have platforms that provide access to big data for general firms Volume From terabytes to pentabytes Velocity Unstructured data, including video, music and social media text OA “disposable data" mindset does not build capabilities - Data is used simply to rationalize existing preconceptions New data arrives every second Futijsu "Spatiowl" Collects and provides big data from car sensors (2011) O Knowledge needed for management and analysis of big I Big data M&A Toshiba data is weak Acquired IBM's point of sales (POS) business for 8.5 billion dollars (April 2012) - Toshiba's purchase opens the door to big data from customers like Walmart - People with integrated skills are rare due to barriers between fields Preparing for the big data shock 2 Diversifying big data use at general firms It's time to stop being a spectator and build skills in big data! Four Big Data Firms Google amazon facebook. I Big data improves productivity and decision making, and helps rapidly spot problems Government Business | Core services are free or at nominal cost to obtain massive amounts of data - If their future platforms are successful, big data assets can become a source for value creation Build infrastructure by providing big data to the public sector Overcome internal barriers and Hitachi Crane "Doctor Cloud" Collects data on driver status and operations every second to prevent accidents support integrated management of big data Copyright © Samsung Economic Research Institute. All rights reserved. -----

Big Data Shakes up Global Industry

shared by seriworld on Sep 05
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Big data harvested from social networks, Internet searches, sensor networks, customer transactions, and other sources is powering a major shakeup in global business. Companies are leveraging big data ...

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