Accelerator: Big Data and Analytics

Process of examining large amounts of data dervied from multiple sources to uncover hidden patterns, unknown correlations and other useful information

Big Data and Analytics

Accelerator > Network Applications

Organizations increasingly leveraging analytics and visualization tools to develop quality insights based on exponentially-growing data collected

Definition
  • Collection and analysis of large data repositories to uncover hidden patterns, unknown correlations and other useful information that enables better business decision-making

Outlook
  • Continued explosion in data created, captured, processed and stored
  • Increased company spending on Big Data and Analytics technologies
  • Incorporated Big Data and Analytics solutions into government policy-making processes
  • Emergence of tools and applications automating data gathering and processing

Implications
  • Empowering more timely, intelligent, data-driven business decisions
  • Enabling new ways to engage customers, validate and refine offerings, accelerate revenue growth, work with suppliers, and increase productivity
  • Growing market demand for Chief Data Officers to address Big Data opportunities
  • Aiding advancements in artificial intelligence systems through integration of machine learning, computing power and huge data stores

To what extent are you optimizing use of real-time analytics on customer, operational, competitive and other data to make business decisions?

Briefings

U.K. Ministry of Defence launched competition for artificial intelligence (AI) systems designed for warships, part of wider Intelligent Ship project

January 16, 2020

LG unveiled system that connects car infotainment system with Microsoft’s connected vehicle platform at IAA (International Motor Show Germany) on September 12-22, 2019

October 15, 2019

Financial institution HSBC using algorithms to monitor anti-money laundering, automatically check sanctions and identify potential new businesses

October 1, 2019

Online payment software provider Stripe introduced Stripe Capital, new loan service for Internet businesses integrated to its platform

September 6, 2019

Researchers invented machine learning MistNet system to track bird migration better than traditional methods, by mining and analyzing massive datasets

September 2, 2019

Wearables company Fitbit announced Versa 2, its first smartwatch with Alexa, for health and sleep tracking, music, and payments via Fitbit Pay

August 30, 2019

U.K. Ministry of Housing, Communities and Local Government opened new funding round for projects transforming public services with digital technology

August 20, 2019

Weather technology company ClimaCell announced updated version of HyperCast micro weather forecasting platform that uses AI models and data from connected cars and IoT devices

July 16, 2019

IoT America launched Soil Monitoring Managed Services which track soil moisture and temperature in farms, golf courses and municipalities

July 10, 2019

Industrial 3D printing company ExOne integrated Siemen’s software and automation technologies to new S-Max Pro sand printer, delivering machine-related insights for more timely decisions

June 26, 2019
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