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Policy Paper : Need for focussed Big Data & Analytics skillset
building through NSDC(National Skill Development Corporation) &
creation of Bigdata & Analytics focussed IT Parks
Author:
Ritesh Shrivastava
Group Project Manager, SAP
HCL Technologies Ltd.
Cell:+91-9818342252
Linkedin: https://in.linkedin.com/in/riteshshrivastava
Twitter: @Ritz1975
Bigdata: An Introduction
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• Big Data is an unprecedented phenomenon happening current in the world of ICT (Information AND Communications Technology) field which focuses on tools and techniques to make sense of the large volume, velocity, and variety of sources of the creation of new data and make meaningful inferences productive to the organization /enterprises based on the same.
• BIG DATA can be defined as structured, semi-structured and unstructured information from demographic and psychographic information about consumers to product reviews and commentary, blogs, content on social media websites, and data streamed 24/7 from mobile devices, sensors and technical devices. In fact, lots of time, these emerging disruptive trends are referred to as SMAC phenomenon (Social, Mobile, Analytics and Cloud Computing).Exabytes of new data are created every single day. Much of this information is transported over Internet protocol (IP) networks. First described by Clive Humby as the “new oil,” this data growth is fueling knowledge economies, sparking innovation, and unleashing waves of creative destruction.
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Big data: An Introduction
Definition BIG DATA: Variety
Source: Crisil R&A Research Report on Big DATAGrowth estimates: USD 35 Billion by 2015 and USD 53 Billion by 2017
Market Opportunity: Global
Big data Market & framework
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The Big Data market is at $5.1 billion as of 2013 and is expected to grow to $32.1 billion by 2015 & to $53.4 billion by 2017.
We create 2.5 quintillion bytes of data daily .90% of this data has been created in last two years due to rapidgrowth in ICT and Mobile Computing .62% of companies believe Big data has significant potential to create competitive advantage.
Data growth trend
Big data evolution
Network Readiness Model
Skill building & Industrial applicabilityWe need to utilize NSDC as well as private players to create practical short-term courses in Hadoop Mapreduce, Scala,Cassandra,Spark,SAP HANA and related Bigdata technologies to utlize this market opportunity to create a second wave of IT employment.
IT Parks focused on startups in Bigdata/Analytics & IoT are needed.