Innovations in Big Data Analytics
The exponential growth of digital data has been well accommodated by the big
data technology. However, gaining useful insights from the huge amount of data
is immensely essential.
Big data analytics delivers the capability to scale down the
data and extract information for decision making. Big data analytics serves as
the means to leverage big data for effective analytics. This research service
focuses on various innovations in the big data analytics space along with the
opportunities for convergence with various other futuristic technologies.
Key Findings of Report
- Leveraging the capabilities of fast data aggregation and
massive data management, big data will play a vital role in shaping up of a
sustainable future. Advancement towards sustainable future will also be
facilitated by convergence with other ICT technologies such as Internet of
Things and cloud computing.
- Data management, factory and machine monitoring,
deforestation monitoring, energy grid management, water management, and
green telematics are some of the sustainable opportunities that big data
analytics can create.
- Big data projects will be spurred by convergence of
various technologies within and outside information and communication
technology domain in order to deliver advanced applications for various
- Technology clusters such as health and wellness,
information and communication technology, sustainable energy,
microelectronics, and medical device technology are already experiencing
major initiatives from stakeholders in the space.
- Other clusters such as advanced manufacturing and
automation and sensors and control technologies are also expected to gain
interest in a very short time span of to years.
- Next-gen sequencing, biomarkers, personalized medicine,
remote patient monitoring, targeted drug delivery, cloud computing,
virtualization, augmented reality, semantic search, in-memory computing,
next-gen volatile memory, data visualization, grid energy management,
advanced energy storage are some of the technologies that are gaining
prominence and penetration with the convergence of big data analytics.
- Apart from the convergence across the various technology
clusters, future big data analytics applications are expected to converge
with advanced technologies, such as artificial intelligence, natural
language processing and biometric systems, to empower applications with
machine learning ability for advanced intelligence.
- This movement towards advanced intelligence system will
act as the stepping stone for several future technologies such cognitive
computing and cloud robotics.