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Thursday, February 13 • 11:55am - 12:15pm
From Big Data to Big Inference – How to make Big Data Work for your Business

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The first decade of the commercial Internet was about distribution and the disintermediation of traditional businesses.  The second was about user-generated content: transforming the Web from pages into conversations, from a noun into a verb.  The third, just beginning, will be about data. Its exploding volume, technical accessibility, and the plummeting costs of storage and processing, will together be transformative. [It has always been true that larger data sets yield superior insight, but…] Big Data is the liberation of statistical insight from the constraints imposed by traditional data processing.  Really large data sets will permit pattern recognition, process coordination, consumer marketing, fraud control, and medical diagnosis, all in real time and focused on the individual consumer, event or transaction.  Getting insight from such data sets will require different data architectures, modes of inference, organizational structures, and skills. As Big Data “scales” so it will become a new source of competitive advantage, creating value beyond the traditional boundaries of the corporation.  It will thus become a logic for alliances, data utilities and new business models.

avatar for Philip Evans

Philip Evans

Managing Director & Senior Partner, The Boston Consulting Group
Philip Evans is a senior partner in the Boston Office of the Boston Consulting Group and a BCG Fellow. He founded BCG’s media practices and has consulted to corporations worldwide in the consumer goods, media, and high technology industries. He is a frequent speaker on technology... Read More →

Thursday February 13, 2014 11:55am - 12:15pm IST
Grand Ballroom I, II, III Hotel Grand Hyatt, Mumbai

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