Challenges and Opportunities in a Data-Driven World

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Presentation transcript:

Challenges and Opportunities in a Data-Driven World GHAZI ATALLAH NXN, CEO

< Challenges: Information Overload 3.35BN 3.2BN Active Users POPULATION Data creation is accelerating. More data has been created in the past two years than in the entire previous history of the human race. 50 BILLION OVER connected devices in the next 5 years LESS THAN 0.5% OF BIG DATA IS EVER ANALYSED 2 Source: Forbes.com

Four V's of data Challenges: Information Overload VOLUME VELOCITY VARIETY VERACITY DATA AT REST DATA IN MOTION DATA IN MANY FORMS DATA IN DOUBT Terabytes to exabytes of existing data to process Streaming data, milliseconds to seconds to respond Structured, unstructured, text, multimedia Uncertainty due to data inconsistency & incompleteness, ambiguities, latency, deception, model approximations 3 Source: Datasciencecntral.com

Solutions: Reduced Technology Costs There has been a 3x reduction in costs of storing and processing data over the last 10 years $ 4 Source: IDG United Kingdom

CHEAPER DISTRIBUTED DATA STORES EXPENSIVE DATABASES Solutions: New Big Data Technology OLD NEW CHEAPER DISTRIBUTED DATA STORES EXPENSIVE DATABASES $ $ $ LIVE AVAILABLE DATA PRIVATE ARCHIVES 5

SLOW PROCESSING REAL-TIME ANALYTICS MINE THE PAST PREDICT THE FUTURE Solutions: Changing Processes OLD NEW SLOW PROCESSING REAL-TIME ANALYTICS MINE THE PAST PREDICT THE FUTURE 6

Opportunities: Drive Integration with Seamless Services

Opportunities: Drive Innovation with Open Data UK: Transport for London 5,000 Developers registered to use and transform TfL data 362 Smartphone apps using TfL data 4 Million app downloads U.S.A.: Estimated Impact of Open Data $3-5 Trillion Healthcare, Transportation, Education SPAIN: Infomediary Sector 600+ Companies 15,000 Jobs 1.5 – 2B Euros invested

Opportunities: Drive Innovation with Government as a Platform Dashboard and Analytics tools Digital ID services Platform as a Service (PaaS) Digital Payments Real-Time / In Memory App Environment Geo-location data support OpEN & SHARED City Data Catalogue IOT Management & Data Aggregation 9

Opportunities: Drive Insights with Big Data and Rich Data CROWD-SOURCING SENSING PHYSICAL MODELLING DATA ASSIMILATION Example: San Fransisco. Source: Alex Bayen, UCB 10

Opportunities: Drive Insights with Big Data and Rich Data EXAMPLE Google Flu Trends Detecting outbreaks two weeks ahead of CDC data New models are estimating which cities are most at risk for spread of the Ebola virus. PREDICTIVE MODELING 11

it is not just about Data being Big, collecting more and having more It is about Data being Rich and Insightful Sharing more: data must move Understanding more: data must answer “Why?” Using more: data must be actionable Impacting more: data must matter

THANK YOU Private & Confidental