Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

Embed Size (px)

Citation preview

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    1/22

    Ndvibeiu 53:5

    Iwilyqhvi Euhifhnk

    Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    Fhvi quina| hn ehk ajqj jna jnj`xqhl|, jna qgihu hbs`hljqhdn|

    fdu hnndvjqhdn jna dukjnh|jqhdn|

    Ajvha [dnk

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    2/22

    5Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    Qgi Ehk Hnndvjqhdn Linqui h| jn hnhqhjqhvi df Qgi [duo Fdynajqhdn jna @jnlj|qiu Ynhviu|hqx.

    @jynlgia hn \isqibeiu 53::, hq euhnk| qdkiqgiu j ujnki df ldbsjnhi|, quy|q|, ynhviu|hqhi|

    jna sye`hl edahi| qd ui|ijulg jna sudsd|i sujlqhlj` uifdub| {hqg qgi jbehqhdn df bjohnk qgi

    YO j k`dej` dsin hnndvjqhdn gye j| sjuq df qgi yukinq qj|o df uiej`jnlhnk jna kud{hnk qgi

    YO ildndbx, jna {hqg qgi vh|hdn df eyh`ahnk j {du`a"l`j|| hnndvjqhdn jna hnvi|qbinq

    ild|x|qib ex 5359. Fdu fyuqgiu aiqjh`|, s`ij|i vh|hq {{{.ehkhnndvjqhdnlinqui.ldb.

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    3/22

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    4/22

    1Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    Ajqj, ajqj jna bdui ajqj

    Hq h| j ljshqj` bh|qjoi qd qgiduh|i eifdui dni gj| ajqj. Hn|in|he`x, dni eikhn| qd q{h|q

    fjlq| qd |yhq qgiduhi|, hn|qija df qgiduhi| qd |yhq fjlq|.

    " \hu Juqgyu Ldnjn Adx`i, Euhqh|g bx|qiux jyqgdu & sgx|hlhjn ':798:8

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    5/22

    9Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    lj|i| jllyby`jqhdn, df ajqj h| j fjlq df hfi, fdu{jua"qghnohnk dukjnh|jqhdn| {h`` fhna {jx|

    qd qyun qgh| 'j`bd|q( fuii sudsiuqx hnqd kd`a. J`qgdykg qgi vd`ybi df ajqj luijqia {h``

    sudeje`x hnluij|i jq ij|q fhvi"fd`a dviu qgi niwq fhvi xiju|, suilhdy| hqq`i df qgi

    hnfdubjqhdn kiniujqia qdajx h| bijnhnkfy``x dukjnh|ia du |qujqikhlj``x ais`dxia fdu

    dukjnh|jqhdnj` javjnqjki. Jedyq j zyjuqiu df iwilyqhvi| jabhq qgi ey`o df qgihu

    dukjnh|jqhdn| ajqj jui ynqjssia, {gh`i |`hkgq`x bdui qgjn gj`f ldnfi|| qd y|hnk dn`x

    jedyq gj`f df qgihu vj`yje`i ajqj.6

    Fhkyui := K`dej` Hnqiuniq Sudqdld` qujffhl, ex |ikbinq jna qdqj`, 53::53:6

    \dyuli= Lgjuq aivi`dsia fudb ajqj hn Lh|ld '53:5(, Lh|ld Vh|yj` Niq{duohnk Hnaiw= Fduilj|q jna

    Biqgdad`dkx, 53::53:6, \jn Md|i, LJ= Lh|ld \x|qib|, Hnl.

    Inqiu jnj`xqhl|

    Ey|hni|| ijaiu|, gd{iviu, hnluij|hnk`x vhi{ ajqj j| jn hbsduqjnq auhviu df hnndvjqhdn

    jna j |hknhfhljnq |dyuli df vj`yi luijqhdn jna ldbsiqhqhvi javjnqjki, hn|qija df biui`x

    j| jn dukjnh|jqhdnj` uij`hqx qd ldsi {hqg. Qd kiq qgi bd|q dyq df jn dukjnh|jqhdn| ajqj

    sjuqhly`ju`x hf qgh| hnvd`vi| ajqj|iq| df kjukjnqyjn |h}i| j bdui |dsgh|qhljqia {jx df

    6

    Ildndbh|q Hnqi``hkinli Ynhq '53::(, Ehk Ajqj= Gjuni||hnk j Kjbi"Lgjnkhnk J||iq, @dnadn= Ildndbh|qHnqi``hkinli Ynhq.

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    6/22

    6Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    gjna`hnk, bjnjkhnk, jnj`x|hnk jna hnqiusuiqhnk ajqj h| nili||jux. Qgh| lj``| fdu qgi

    sudjlqhvi jna luijqhvi y|i df jnj`xqhl| qd ljsqyui qgi sdqinqhj` df hnndvjqhdn jffduaia ex

    ajqj jna qd kjhn ldbsiqhqhvi javjnqjki.

    Jnj`xqhl| h| qgi sujlqhli df y|hnk ajqj qd kiniujqi y|ify` hn|hkgq| qgjq ljn gi`s

    dukjnh|jqhdn| bjoi eiqqiu fjlq"ej|ia ailh|hdn| {hqg qgi y`qhbjqi jhb df auhvhnk |qujqikx

    jna hbsudvhnk siufdubjnli. Hq hnqikujqi| ljsjeh`hqhi| hn ajqj bjnjkibinq, qilgnd`dkx,

    |x|qib| jna jyqdbjqhdn, jss`hljqhdn| jna hn|qhqyqhdnj` |oh``| qd inje`i dukjnh|jqhdn|

    hainqhfx iwh|qhnk h||yi| jna suiahlq fyqyui quina|, dssduqynhqhi| jna qguijq|. Qdyqia ex

    |dbi j| j njqyuj` ivd`yqhdn df ey|hni|| hnqi``hkinli 'EH(, {ghlg h| suiadbhnjnq`x

    ldnliunia {hqg gh|qduhlj` jnj`x|h|, jnj`xqhl| kdi| fyuqgiu ex eyh`ahnk dn EH| ghna|hkgq qd

    aiuhvi hn|hkgq| qgjq ljn hnfdub lyuuinq jlqhdn jna kiniujqi fdui|hkgq| qd |gjsi qgi

    fyqyui.

    Qgi jss`hljqhdn df jnj`xqhl| h| {hai jna vjuhia, jna ljn ldviu sdqinqhj``x iviux j|silq df

    jn dukjnh|jqhdn jna hq| ey|hni||. Fdu hn|qjnli, jnj`xqhl| ljsjeh`hqhi| j``d{ dukjnh|jqhdn|

    qd eiqqiu jaa vj`yi qd sudaylq| jna |iuvhli| ex |ikbinqhnk jna qjukiqhnk ldn|ybiu|

    bdui iffilqhvi`x 'ldn|ybiu jnj`xqhl|(, jamy|q suhli sdhnq| qd dsqhbj` ivi`| bdui zyhlo`x

    hn ui|sdn|i qd lgjnki| hn qgi bjuoiq 'suhlhnk jnj`xqhl|(, hbsudvi siufdubjnli jna

    lgjnki bjnjkibinq sudli||i| 'siufdubjnli$GU jnj`xqhl|(, jna ei bdui jkh`i hn

    j``dljqhnk jna uiais`dxhnk ui|dyuli| qd ljsqyui fhu|q"bdviu javjnqjki| hn |silhfhl

    bjuoiq |ikbinq| 'fhnjnlhj`$ui|dyuli jnj`xqhl|(.

    J`qgdykg bjnx dukjnh|jqhdn| j`uijax gjvi |dbi fdub df EH ljsjeh`hqhi| ibeiaaia{hqghn qgd|i juij|, javjnlia jnj`xqhl| h| |dykgq jfqiu fdu hq| |siia, bdai``hnk

    ljsjeh`hqhi| jna jnj`xqhlj` jna suiahlqhvi sd{iu shvdqj` h||yi| hn qgi iuj df ehk ajqj. J

    {i``"ai|hknia jnj`xqhl| julghqilqyui gi`s| uiayli hnfdubjqhdn jqinlx, qgy| izyhsshnk

    `ijaiu| {hqg qgi bd|q ldbsuigin|hvi hn|hkgq| aiuhvia fudb ys"qd"ajqi hnfdubjqhdn qd

    bjoi ailh|hdn| dn ldbs`iw uh|o |linjuhd|. Hq h| j`|d ljsje`i df jyqdbjqhnk d{"uh|o

    jnj`xqhlj` jna ailh|hdn"bjohnk sudli||i|, ginli khvhnk ijaiu| bdui qhbi qd fdly| dn

    ghkg"|qjoi| h||yi|.

    [gh`i qgiui bjx ei s`jy|he`i jukybinq| fdu qgi vj`yi df jn iwsiuhinlia ijaiu|

    hnqyhqhdn jna kyq"fii`hnk, ivhainli sdhnq| qd qgi kuijq`x ingjnlia dyqldbi| jnj`xqhl|

    ljn dffiu. Bdui qgjn gj`f df dukjnh|jqhdn| qgjq y|i ajqj bd|q iffilqhvi`x dyqsiufdub qgihu

    siiu| fhnjnlhj``x.; Dukjnh|jqhdn| qgjq gjvi jkkui||hvi`x ais`dxia jnj`xqhl| jui q{hli j|

    kdda jq suiahlqhnk dyqldbi| jna qguii qhbi| j| kdda jq suiahlqhnk uh|o j| qgd|i qgjq

    gjvinq.7 Ibshuhlj` |qyahi| |gd{ qgjq dukjnh|jqhdn| qgjq ibs`dx ajqj"ahuilqia ailh|hdn"

    ;

    Heha.7 Eh||dn, S., \qisgin|dn, I. jna Vhkyiuhi, \.S. '53:3(, Qgi sudaylqhvhqx hbsiujqhvi, BlOhn|ix Zyjuqiu`x, Myni.

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    7/22

    ;Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    bjohnk |ii j 96) edd|q hn sudaylqhvhqx,8 {gh`i qgd|i y|hnk ey|hni|| hnfdubjqhdn jna

    jnj`xqhl| qd ahffiuinqhjqi qgib|i`vi| fudb ldbsiqhqdu| jui q{hli j| hoi`x qd ei qds

    siufdubiu| j| d{iu siufdubiu|.:3 Dukjnh|jqhdn| hn j vjuhiqx df hnay|quhi|, hnl`yahnk {i``

    ond{n Jbiuhljn eujna| S&K jna ML Sinnix, gjvi kjhnia ldbsiqhqhvi javjnqjki ex

    y|hnk ajqj jnj`xqhl| fdu ailh|hdn"bjohnk.::

    Dukjnh|jqhdn| hnluij|hnk`x uij`h|i qgjq qgi y|i| df jnj`xqhl| jui iwqin|hvi jna kud{hnk,

    jedvi jna eixdna ahjknd|qhl jna suiahlqhvi syusd|i|. Hq j`|d inje`i| dukjnh|jqhdn| qd

    gjuni|| qgi sd{iu jna sdqinqhj` df ajqj qd |sj{n hnndvjqhvi sudaylq| jna |iuvhli|.

    Ljshqj` Dni, j Fduqyni 933 fhnjnlhj` |iuvhli| hn|qhqyqhdn, fdu iwjbs`i, y|i| jnj`xqhl| qd

    ldnqhnydy|`x iwsiuhbinq {hqg hnndvjqhvi ldbehnjqhdn| df ly|qdbiu |ikbinq| jna ni{

    sudaylq|. I"ey|hni|| syui s`jx| |ylg j| Kddk`i, Jbj}dn jna iEjx gjvi dnk y|ia

    hn|hkgq| kiniujqia fudb ajqj qd hnndvjqi qgihu |iuvhli| jna ldnfhkyui qgihu dffiuhnk| qd

    jn hnahvhayj`| suifiuinli|.

    Fyi``ia ex javjnli| hn hnfdubjqhdn jna ldbbynhljqhdn qilgnd`dkhi| jna qgi ahkhqj`

    uivd`yqhdn, qgiui jui edyna`i|| ni{ dssduqynhqhi| qgjq ljn ei ljsqyuia ex jss`xhnk

    hn|hkgq| k`ijnia fudb ajqj. Qgi fd``d{hnk fhvi quina| |ykki|q {gjq jnj`xqhl| bhkgq gd`a

    fdu hnndvjqhdn jna ldbsiqhqhvi javjnqjki hn qgi niju fyqyui.

    Quina := Jn jvj`jnlgi df jss`hljqhdn| jna |iuvhli| aiuhvia

    fudb dsin ajqj

    [hqg qgi Iyudsijn Ldbbh||hdn jynlghnk jn Dsin Ajqj \qujqikx fdu Iyudsi jna qgi

    YO Kdviunbinq ldbbhqqhnk qd fyuqgiu dsinhnk ys j ujnki df sye`hl ajqj qd |qhby`jqi qgi

    ildndbx,:5 j gd|q df ni{ ldn|ybiu bdeh`i jna {ie jss`hljqhdn| aivi`dsia ex y|hnk

    ajqj suivhdy|`x gi`a hn qgi sye`hl |ilqdu h| iwsilqia qd f`dda qgi bjuoiq.

    Qgi|i Jlqhdnje`i Jnj`xqhlj` Jss`hljqhdn|, du J

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    8/22

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    9/22

    8Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    gjvi eiin ldnlihvia {gin ajqj {iui sudsuhiqjux. Fdu hn|qjnli, {i ljn iwsilq qd |ii

    jn hnluij|hnk nybeiu df qujffhl"ui`jqia jss| jhbia jq gi`shnk ldbbyqiu| dsqhbh|i

    udyqhnk jna jamy|q qgihu qujvi` s`jn| hn qgi hkgq df jlqyj` du hbbhninq ldnki|qhdn. Qgi|i

    ljn ei bj|gia ys ex ldbehnhnk uij`"qhbi qujffhl jna udja{duo| hnfdubjqhdn {hqg

    hnqiujlqhvi bjs|. @dlj`h|ia uij`"qhbi {ijqgiu hnfdubjqhdn jna qgi jqi|q fduilj|q {hqg

    kuijqiu jllyujlx ljn ei ldbehnia {hqg lduui|sdnahnk qilgnhlj` javhli qd gi`s fjubiu|

    dsqhbh|i qgihu fjubhnk dsiujqhdn|, my|q hoi {gjq Qgdb|dn Uiyqiu|, qgudykg hq| Uiyqiu|

    Bjuoiq @hkgq |iuvhli, dffiu| Hnahjn fjubiu|.

    Dqgiu hnndvjqhvi jss| jna |iuvhli| qgjq jui hoi`x qd ei |sj{nia hnl`yai bdui aiqjh`ia

    jaaui||"`ivi gdy|i suhli ldbsjuh|dn qdd`| qgjq hnl`yai vj`yi"jaaia hnfdubjqhdn |ylg

    j| gh|qduhlj` suhli|, ldynlh` qjw ejna|, iniukx iffhlhinlx ujqhnk|, dlj` luhbi ujqi| jna

    `dlj` |lgdd` Df|qia ujqhnk|? `hvi ld``jqia hnfdubjqhdn lyuuinq`x deqjhnje`i dn`x dn NG\

    Ahuilq, |ylg j| uij`"qhbi jvjh`jeh`hqx df s`jli| jq `dlj` NG\ ainqh|q|? jna dqgiu |silhfhl

    eyq jndnxbh|ia gij`qgljui hnfdubjqhdn. Qgi jqqiu ljn sdqinqhj``x ei df bylg

    Edw := Dsin ajqj jna hnndvjqhvi jss| hn Ni{ Xduo Lhqx

    Ni{ Xduo Lhqx h| jn hnqiui|qhnk iwjbs`i df gd{ qgi dsinhnk ys df sye`hl ajqj gj|

    |sj{nia j |quhnk df hnndvjqhvi jss| qgjq gj| qujn|fdubia qgi {jx Ni{ Xduoiu| `hvi, {duo

    jna s`jx. Qgudykg hq| NXL EhkJss| Ldbsiqhqhdn, qgi Ni{ Xduo Lhqx Ildndbhl

    Aivi`dsbinq Ldusdujqhdn jna qgi Aisjuqbinq df Hnfdubjqhdn Qilgnd`dkx jna

    Qi`ildbbynhljqhdn| ld``jedujqia {hqg jedyq

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    10/22

    :3Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    ldbbiulhj` j| {i`` j| |dlhj` vj`yi. Fdu iwjbs`i, Fujnli Qi`ildb| Dujnki dffiu|, hn

    ld``jedujqhdn {hqg gij`qgljui sudvhaiu| jna j biahlj` aivhli| ldbsjnx, |iuvhli| qgjq

    bdnhqdu ahjeiqhl| jna ljuahjl sjqhinq| uibdqi`x. Qgi|i jui iwsilqia qd ei hnluij|hnk`x

    ldbbdn dffiuhnk|, j| jui |iuvhli| jna jss`hljqhdn| qgjq j``d{ fdu hnluij|ia

    siu|dnj`h|jqhdn.

    Qgi |sj{nhnk df hnndvjqhvi jss| jna |iuvhli| ej|ia dn dsin sye`hl ajqj ljn ei y|ify`

    ndq dn`x fdu qgi ldn|ybiu bjuoiq eyq j`|d fdu dukjnh|jqhdn| |iiohnk qd y|i j

    ldbehnjqhdn df ah|sjujqi hnfdubjqhdn qd dsqhbh|i qgihu dsiujqhdn|, jna qgiuiex ingjnli

    qgihu ldbsiqhqhvini|| qgudykg kuijqiu iffhlhinlx. Bjnyfjlqyuhnk jna uiqjh` fhub|

    i|silhj``x qgd|i qgjq ljnndq jffdua |dsgh|qhljqia inqiusuh|i"{hai jnj`xqhl| julghqilqyui

    {h`` einifhq fudb ingjnlia bj|g"ys| df {ijqgiu, qujffhl, ldbbdahqhi| suhli| jna dlj`

    Mdelinqui S`y| jedyu bjuoiq hnfdubjqhdn.

    Quina 5= Kujayj` dsinhnk ys df ajqj hn qgi suhvjqi |ilqdu

    Qgi suhvjqi |ilqdu gj| qujahqhdnj``x eiin ui`jqhvi`x bdui ui`ylqjnq jna |`ykkh|g hn

    dsinhnk ys {gjq jui |iin j| sudsuhiqjux ajqj|iq| qd aivi`dsiu| jna qghua sjuqhi|.

    Jllduahnk qd j |yuvix, j`qgdykg qgi bjmduhqx df dukjnh|jqhdn| jui oiin dn qgi

    kdviunbinq| dsin ajqj hnhqhjqhvi, 67) {dy`a ndq ei suisjuia qd dsin ys jlli|| qd

    qgihu d{n ajqj ai|shqi uildknh|hnk qgi ldbbiulhj` einifhq| ajqj |gjuhnk ldy`a euhnk.:6

    Dukjnh|jqhdn| ldnliun| ujnki fudb suhvjlx jna jlldynqjeh`hqx h||yi| qd hnqi``ilqyj`

    sudsiuqx sudqilqhdn jna zyj`hqx df ajqj bjnjkibinq.

    Gd{iviu, {hqg qgi hnluij|hnk hbsduqjnli df ghkg`x niq{duoia jna dsin |dyuli ey|hni||

    bdai`| jna javjnlibinq| hn jnj`xqhl| ljsjeh`hqhi| qgjq gi`s bhqhkjqi |dbi df qgi|i

    ldnliun|, dukjnh|jqhdn| jui eikhnnhnk qd fd``d{ qgi kdviunbinq| ija. Hn|yujnli fhub|

    jui jbdnk qgi iju`x jadsqiu| df qgi dsin ajqj sjujahkb, suhbjuh`x {hqg qgi jhb df

    |gjuhnk hnfdubjqhdn dn fujya|qiu|. [gh`i hnldusdujqhnk suiahlqhvi bdai`| hnqd qgi l`jhb|

    sudli||hnk |x|qib bhkgq gi`s f`jk ys l`jhb| {hqg j ghkg sudejeh`hqx df fujya, ex |gjuhnk

    hnqi``hkinli {hqghn qgi hnay|qux fhub| jui je`i qd ijun qgi euijaqg df quhlo| fujya|qiu| ljnibs`dx qd bjoi fj`|i l`jhb|.

    Fdu bd|q dukjnh|jqhdn|, qgi ujh|dn aqui fdu |gjuhnk ajqj hi| hn qgi ingjnlia jeh`hqx qd

    |iuvi ly|qdbiu| eiqqiu, {ghlg df ldyu|i qujn|`jqi| hnqd qgi `hoi`x hnluij|i hn bjuoiq

    |gjui jna ldbsiqhqhvi javjnqjki. Qgh| h| sjuqhly`ju`x hbsduqjnq fdu dukjnh|jqhdn|

    dsiujqhnk {hqg ghkg`x niq{duoia |yss`x jna ah|quheyqhdn lgjhn|. Ly|qdbiu| ujui`x edqgiu

    jedyq qgi ui`jqhdn|ghs| eighna qgi |lini| jbdnk niq{duo bibeiu| du qgi hnniu

    :6

    Ey|hni||i| yn{h` hnk qd |gjui ajqj, eyq oiin dn kdviunbinq adhnk hq, Qgi Kyjuahjn Dn`hni, 58 Myn, jvjh`je`i jqgqqs=$${{{.kyjuahjn.ld.yo$qilgnd`dkx$53:3$myn$58$ey|hni||"ajqj"|gjuhnk"yn{h``hnk, jlli||ia dn :6 My` 53:5.

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    11/22

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    12/22

    :5Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    bdui iffilqhvi`x. J`qgdykg qgi dsin hnndvjqhdn ldnlisq gj| eiin judyna fdu niju`x j

    ailjai,:7 bjnx dukjnh|jqhdn| gjvi fdyna hq lgj``inkhnk qd syq hnqd sujlqhli. Ynqh`

    uilinq`x, hnndvjqhdn gj| j`{jx| eiin ldnlihvia j| j adbjhn df hn"gdy|i U&A

    aisjuqbinq|, {hqg qgi hnvd`vibinq df iwqiunj` sjuqhi| y|yj``x eihnk fdubj`h|ia hn hnqiu"

    dukjnh|jqhdnj` mdhnq"vinqyui| du j``hjnli|. Qgi haij df shlohnk fudb jn iwl`y|hvi sdd` df

    hn"gdy|i eujhn| gj| nd{ |ghfqia jna {h`` ldnqhnyi qd |ghfq ivin bdui bjuoia`x qd

    qjsshnk hnqd j {du`a df qj`inq.

    Ld``jedujqhvi niq{duo| gjvi |hnli eildbi j suivjh`hnk quina. Qgjno| qd qgi inje`hnk

    sd{iu df qilgnd`dkhi|, ajqj ljn nd{ ei kiniujqia jna deqjhnia jna ex iwqin|hdn,

    ld``jedujqhvi hnndvjqhdn |sj{nia fudb vhuqyj``x jnx {h``hnk |dyuli|, hnl`yahnk

    suivhdy|`x ynhbjkhnje`i dni| |ylg j| ldn|ybiu|, |yss`hiu| jna ldbsiqhqdu|. Qgi

    hnqiuniq jna dqgiu ahkhqj` qilgnd`dkhi| gjvi ljqjsy`qia ld"luijqhdn hnqd qgi bjhn|quijb.

    [gh`i my|q q{d xiju| jkd Lh|ld i|qhbjqia qujffhl f`d{| dviu qgi hnqiuniq {dy`a uijlg 66;iwjexqi| ex 53:5,:8 qgi i|qhbjqi gj| nd{ eiin uivh|ia qd ;38 iwjexqi|.53 Qgi vj|q

    jbdynq df ajqj qgjq h| |gjuia dviu lxeiu|sjli h| ldnqhnyhnk qd uivd`yqhdnh|i jnj`xqhl|

    jna jaa j ni{ ahbin|hdn qd dukjnh|jqhdnj` ailh|hdn"bjohnk.

    Qgi ldnlisq| df dsin |dyuli jna dsin s`jqfdub| inje`i ld``jedujqhdn jq |lj`i, jna

    ginli qgi sud`hfiujqhdn df ehk ajqj qgudykg juki"|lj`i lud{a|dyulhnk. Inkjkhnk {hqg qgi

    {haiu ldbbynhqx vhj s`jqfdub| |ylg j| |dlhj` biahj inje`i| dukjnh|jqhdn| qd deqjhn

    hbsduqjnq hn|hkgq| qgjq {dy`a gjvi dqgiu{h|i eiin bh||ia qgudykg njuud{ hnfdubjqhdn

    kjqgiuhnk lgjnni`|. Fdu hn|qjnli, j| bdui qgjn 67 bh``hdn e`dkkiu| {du`a{hai sd|q

    uivhi{| jna uildbbinajqhdn| jedyq sudaylq| jna |iuvhli|, gdqi`hiu| jui {i``

    sd|hqhdnia qd kjhn hn|hkgq| hnqd qgi jfqiu"iffilq| df j eja iwsiuhinli hn j ah|kuynq`ia

    kyi|q| |dlhj` niq{duo|. Dukjnh|jqhdn| ljn |dbiqhbi| fhna dyq bdui jedyq qgib|i`vi|

    {gin qgix ldn|haiu qgi vhi{ fudb qgi dyq|hai.5:

    Qgi Fdua Bdqdu Ldbsjnx, Sis|hLd jna \dyqg{i|q Jhu`hni| jui jbdnk dukjnh|jqhdn|

    qgjq jnj`x|i sd|qhnk| jedyq qgib dn Fjlieddo jna Q{hqqiu qd kjyki qgi hbbiahjqi

    hbsjlq df qgihu bjuoiqhnk ljbsjhkn| jna qd fii` qgi lgjnkhnk sy`|i df ldn|ybiu

    |inqhbinq| jedyq qgihu eujna|.55 Hn|qija df qjohnk bdnqg| qd juuhvi jq ailh|hdn|, du

    bdai` gxsdqgiqhlj` |linjuhd|, Jbj}dn |hbs`x j|o| ly|qdbiu| uikjuahnk lgdhli| df

    |iuvhli fijqyui| du j bdui iffhlhinq lgilo"dyq sudli||. Jn jn|{iu ldy`a ei deqjhnia hn

    :7 J`qgdykg hnqiu"fhub ld``jedujqhdn hn U&A ljn ei qujlia ejlo niju`x gj`f j linqyux, qgi haij {j| dn`x fdubj``xldnlisqyj`h|ia j| dsin hnndvjqhdn ex Ginux Lgi|eudykg jedyq j ailjai jkd. \ii Lgi|eudykg, G.[. '533

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    13/22

    :

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    14/22

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    15/22

    :9Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    ndniqgi`i|| vhqj` hnfdubjqhdn hn qgi gjna`hnk df jn ibs`dxii| ldbsin|jqhdn l`jhb. Hn j

    eha qd hnfdub jna hbsudvi hq| uiluyhqbinq sudli|| jna dyqldbi|, qgi Edn"Qdn \qdui| hn

    qgi Y\ jss`hia GU jnj`xqhl| qd yn|quylqyuia ajqj hn duaiu qd hainqhfx qgi jqquheyqi| df

    |ylli||fy` ld|biqhl| |j`i| uisui|inqjqhvi|. \hnli 5337, qgi lgjhn gj| |iin jn hnluij|i

    df Y\!:,133 hn |j`i| siu uis jna j 59) ailuij|i hn ibs`dxii qyundviu.51

    Qgi jeh`hqx df javjnlia jnj`xqhl| qd ldbehni yn|quylqyuia ajqj jna suiahlqhvi j`kduhqgb|

    {h`` |ii qgi hnluij|hnk y|i df ivinq"auhvin julghqilqyui| qd |sj{n hnndvjqhdn|. Ldbs`iw

    Ivinq Sudli||hnk 'LIS(, fdu hn|qjnli, inje`i| vj`yi qd ei ljsqyuia fudb uij`"qhbi ajqj

    jna hnqi``hkinq ailh|hdn| qd ei jyqd"kiniujqia hn|qjnqjnidy|`x. Ex ui`xhnk dn hnfiuinli

    du uy`i"ej|ia uij|dnhnk qilgnd`dkx, LIS h| je`i qd y|i yn|quylqyuia ajqj qd hnfiu du

    suiahlq jn ivinq jna bdai` jna jnj`x|i hq| sdqinqhj` hbsjlq. Fdua| @d{ \siia \jfiqx

    \x|qib jna Fdu{jua J`iuq, aivi`dsia y|hnk LIS qd jyqdbjqhlj``x hnqiuvini qd suivinq

    sdqinqhj` d{"|siia ld``h|hdn| hn yuejn auhvhnk, gjvi bjai qgi jyqdbdeh`i khjnq qgihnay|qux ijaiu hn |jfiqx qilgnd`dkx. \i`f"auhvhnk lju| df qgi fyqyui {h`` ei eyh`q dn |hbh`ju

    jnj`xqhl| qilgnd`dkhi|.

    NXLFjliq|, j ui|dyuli fdu dqgiu aivi`dsiu| jna {hnniu df qgh| xiju| NXL EhkJss|

    Ldbsiqhqhdn, h| jndqgiu iwjbs`i df hnndvjqhdn |sj{nia fudb y|hnk javjnlia jnj`xqhl|

    qd bjoi |in|i df |quylqyuia jna yn|quylqyuia ajqj. NXLFjliq| h| jn jss`hljqhdn qgjq

    |iio| qd |quijb`hni qgi sudli|| df jlli||hnk jna yqh`h|hnk Ni{ Xduo Lhqx| Dsin Ajqj

    Sduqj`. Ex y|hnk j ldbehnjqhdn df |ibjnqhl|, |qjqh|qhl| jna lud{aond{`iaki, hq

    fynlqhdn| j| jn dsin ajqj bj|g"ys sduqj` qgjq ljn ld``jedujqi |quylqyuia jna

    yn|quylqyuia ajqj, inje`hnk y|iu| qd bjoi hnqi``hkinq, fiaiujqia zyiuhi| dn qgi lhqx|

    iwsdninqhj` x hnluij|hnk jbdynq df ajqj jna bj|g hq ys {hqg dqgiu sye`hl jna suhvjqi

    ajqj |dyuli|.59

    Qgi hbsduqjnli jna vj`yi df hn|hkgq| qgjq ljn ei aiuhvia fudb ynldnvinqhdnj` qxsi| df

    ajqj jui hnluij|hnk`x jlond{`iakia. Qgi lgj``inki fdu dukjnh|jqhdn| h| q{d"fd`a= qd eyh`a

    jna ais`dx qgi jssudsuhjqi javjnlia jnj`xqhl| ljsjeh`hqhi| qd k`ijn hn|hkgq| fudb j

    sd{iufy` ldbehnjqhdn df |quylqyuia jna yn|quylqyuia ajqj, jna qd gjuni|| qgi sdqinqhj`

    fdu hnndvjqhdn qgjq ynldnvinqhdnj` ajqj dffiu|.

    Quina 9= Ldnviukinli df hnfdubjqhdn julghqilqyui

    J`qgdykg jn hnluij|hnk nybeiu df dukjnh|jqhdn| gjvi eikyn bjohnk eiqqiu y|i df qgihu

    ajqj, jnj`xqhl| ljsjeh`hqhi| gjvi dfqin eiin fdly|ia dn |iviuj` ghkg`x qjukiqia juij|,

    51 Kjuaniu, N., BlKujnjgjn, A. jna [d`f, [. '53::(, Zyi|qhdn fdu xdyu GU lghif= Jui {i y|hnk dyu sids`i ajqj qd

    luijqi vj`yi4, BlOhn|ix Zyjuqiu`x, Bju.59 NXL EhkJss|

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    16/22

    :6Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    y|yj``x fdu ynaiu|qjnahnk jna suiahlqhnk ldn|ybiu eigjvhdyu jna fdu fhnjnlhj`

    bdai``hnk. Qgi hnqiuldnnilqiani|| df dukjnh|jqhdnj` fynlqhdn| jna qgi ldbs`iwhqx df qgi

    ild|x|qib 'ildndbhl, invhudnbinqj`, |dlhj`, sd`hqhlj`( bijn jnj`xqhl| by|q nd{ bhuudu

    qgi ldbs`iw uij`hqhi| df ey|hni|| jna hnqikujqi ahffiuinq vjuhje`i| hnqd qgi izyjqhdn.

    Fudb qgihu uddq| hn ghkg`x |h`dia |x|qib|, qgi ah|lhs`hni| df siufdubjnli, uh|o jna

    ldbs`hjnli bjnjkibinq jui nd{ ldnviukhnk hnqd jn hnqikujqia fujbi{duo df

    inqiusuh|i"`ivi` |qujqikx jna kdviunjnli. Qgh| gj| eiin auhvin hn sjuq ex qgi

    jlond{`iakibinq qgjq uh|o| by|q ei j||i||ia hn qgi ldnqiwq df jn dukjnh|jqhdn|

    |qujqikx jna siufdubjnli demilqhvi|, {gh`i ldbs`hjnli |gdy`a ei ej|ia dn jn

    dukjnh|jqhdn| uh|o|. \hbh`ju`x, jqqibsq| qd suiahlq ly|qdbiu syulgj|i eigjvhdyu ljn nd

    `dnkiu ei adni hn h|d`jqhdn fudb j nybeiu df dqgiu oix ui`jqia vjuhje`i| |ylg j| hnqiui|q

    ujqi|, iwsilqia hnf`jqhdn, ldn|ybiu ldnfhainli, invhudnbinqj` ikh|`jqhdn, jnqhlhsjqia

    ldbsiqhqdu dffiuhnk|, |yss`x lgjhn ah|uysqhdn|, vd`jqh`hqx df fduihkn bjuoiq|, |j`i|siu|dnni` siufdubjnli, javiuqh|hnk |sina jna ivin qgi {ijqgiu.

    Qgi |dyuli df ldbsiqhqhvi javjnqjki ljn ei fdyna hn jn dukjnh|jqhdn| jeh`hqx qd

    gd`h|qhlj``x j||i|| qgi vjuhdy| fujkbinqia hnfdubjqhdn jvjh`je`i |d j| qd bjoi hnfdubia

    ailh|hdn|. Uij` jnj`xqhl| bjx ei qgi jn|{iu kdhnk fdu{jua. Hq uifiu| qd qgi ldbs`iw

    ldnviukinli df hnfdubjqhdn bjnjkibinq, siufdubjnli hbsudvibinq jna javjnlia

    jnj`xqhl| qgjq uizyhui| jn jssudsuhjqi inqiusuh|i"{hai hnfdubjqhdn julghqilqyui qd |yssduq

    hq. Uij` jnj`xqhl| ljsjeh`hqhi| inje`i dukjnh|jqhdn| qd jbj`kjbjqi ah|sjujqi ajqj jna

    fh`qiu qgihu indubdy| jbdynq hn duaiu qd bjoi |in|i df ajqj ndh|i, bdai` qgi sdqinqhj`

    hbsjlq dn |silhfhl dyqldbi| jna ah|qh` oix hn|hkgq| qd hnfdub ailh|hdn|. Hq {h`` sy|g

    jnj`xqhl| ljsjeh`hqhi| aiisiu hnqd jn dukjnh|jqhdn jna {h`` eildbi jn hn|qhqyqhdnj`h|ia

    ndub fdu ailh|hdn"bjohnk. \ylg javjnlia jnj`xqhl| ljsjeh`hqhi| jui bjai hnluij|hnk`x

    sd||he`i ex bdaiun ldbsyqhnk sd{iu qgjq adye`i| jssudwhbjqi`x iviux :7 bdnqg|.56

    Jkjhn|q |ylg j ejloauds, hq h| gjua`x |yusuh|hnk qgjq qgi hoi| df HEB, Bhlud|dfq, Dujl`i

    jna \JS gjvi |sinq eh``hdn| hn qgi sj|q fi{ xiju| jlzyhuhnk |dfq{jui aivi`dsiu| hn qgi

    fhi`a df javjnlia ajqj jnj`xqhl| hn jnqhlhsjqhdn df j |yuki hn aibjna fdu |dsgh|qhljqia

    inqiusuh|i"{hai hnfdubjqhdn julghqilqyui|.

    Qgh| ldnviukinli sui|inq| |iviuj` hbs`hljqhdn| fdu dukjnh|jqhdn|. Bjnx gjvi j`uijax

    hnvi|qia gijvh`x hn ei|sdoi hnfdubjqhdn bjnjkibinq, siufdubjnli bjnjkibinq jna HQ

    |x|qib|. [gh`i qgi|i bjx |iuvi qgihu |silhfhl syusd|i| viux {i``, dukjnh|jqhdn| niia qd

    |qjuq qghnohnk df kujayj``x bdvhnk qd{jua| j biqj"|x|qib, du julghqilqyui, qgjq ljn

    sudvhai jn hnqikujqia inqiusuh|i vhi{ df qgi|i hnqiu"ui`jqia fynlqhdn|. Sjuj``i` qd qgh| h|

    qgi niia qd jlzyhui jna aivi`ds qgi uhkgq qj`inq jna hn|qhqyqhdnj` |oh``| qd jnj`x|i jna

    hnqiusuiq hnfdubjqhdn jna qd |qujqikhlj``x qyun ghna|hkgq jna hn|hkgq hnqd fdui|hkgq.

    56 Qgh| h| ej|ia dn Bddui| `j{, {ghlg h| nd{ |dbi{gjq j quyh|b hn qgi ldbsyqiu hnay|qux. Hnqi` ld"fdynaiu KduadnBddui fhu|q de|iuvia qgjq qujn|h|qdu| dn j lghs {dy`a adye`i iviux xiju, eifdui uilj`heujqhnk hq hn :8;9 qd iviux q{d

    xiju|. Ajvha Gdy|i, j qgin Hnqi` iwilyqhvi, ndqia qgjq qgh| {dy`a ljy|i ldbsyqhnk siufdubjnli qd adye`i iviux :7bdnqg|. \ii Bddui, K.I. ':869(, Lujbbhnk bdui ldbsdninq| dnqd hnqikujqia lhulyhq|,I`ilqudnhl|,

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    17/22

    :;Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    Hq| bdui qgjn my|q qilgnd`dkx*

    Dukjnh|jqhdn| gjvi gh|qduhlj``x hnvi|qia gijvh`x hn qilgnd`dkx jna qilgnd`dkhlj`

    |d`yqhdn| fdu qgi syusd|i df bjnjkhnk jna jnj`x|hnk ajqj. \dbi, hn jnqhlhsjqhdn dffyqyui ejqq`ikudyna|, gjvi kdni j |qis fyuqgiu ex syqqhnk hn s`jli iwsin|hvi jnj`xqhl|

    qilgnd`dkhi|. Giuihn hi| j sdqinqhj` shqfj`` qilgnd`dkx j`dni h| yn`hoi`x qd ai`hviu qgi

    gd`x kujh` df suiahlqhvi hn|hkgq| qgjq quybs ldbsiqhqhdn, du qgi bjuoiq"bjohnk hnndvjqhdn|

    qgjq aifhni jn dukjnh|jqhdn. @ijaiu| jna iwilyqhvi| {gd jui hnluij|hnk`x ui`xhnk dn

    ldbs`iw ajqj jnj`x|h| fdu ailh|hdn"bjohnk jna hnndvjqhdn by|q ndq `d|i |hkgq df jq `ij|q

    |hw dqgiu oix ldn|haiujqhdn|.

    Qgi bd|q hbsduqjnq df qgi|i h| qgi j`hknbinq eiq{iin jnj`xqhl| ljsjeh hqhi| jna

    ey|hni|| niia|. Ajqj jna jnj`xqhl| by|q qgiuifdui qjoi dn j |qujqikx"`ivi`

    duhinqjqhdn. J| bylg j| jnj`xqhl| h| y|ia qd auhvi |qujqikx 'sjuqhly`ju`x ldbsiqhqhvi

    |qujqikx(, jnj`xqhl| ljsjeh`hqhi| by|q |yssduq edjua"`ivi` |qujqikx jna qgi dviuj``

    ey|hni|| bdai`. Quxhnk qd fduli |zyjui sik| hnqd udyna gd`i| h| j {j|qi df suilhdy|

    ui|dyuli|. Hf qgi dukjnh|jqhdn| ey|hni|| bdai` h| ej|ia dn ld|q ijaiu|ghs 'i.k., d{

    ld|q jhu`hni|(, jn jssudsuhjqi, |qujqikhlj``x"j`hknia jnj`xqhl| julghqilqyui bhkgq gi`s

    suiahlq uj{ bjqiuhj` suhli| 'i.k., fyi` suhli|( jna hnndvjqhvi`x |quylqyui j`qiunjqhvi

    syulgj|hnk dsqhdn| 'i.k., fyi` giakhnk ldnfhkyujqhdn|(, ndq dni qgjq xhi`a| ni{

    ldnfhkyujqhdn| df j suibhyb |iuvhli, nd bjqqiu gd{ hnndvjqhvi qgjq bjx jssiju qd ei.

    Ghqgiuqd, dukjnh|jqhdn| gjvi bd|q`x ais`dxia jnj`xqhl| ljsjeh`hqhi| hn ghkg`x qjukiqiajuij| ly|qdbiu, suhlhnk jna fhnjnli eihnk, ynaiu|qjnaje`x, qgi bd|q sdsy`ju |h`d|. Hn

    duaiu qd kjhn j gd`h|qhl vhi{ df qgi dukjnh|jqhdn| vj`yi luijqhdn jlqhvhqhi| jna hq| iwqiunj`

    invhudnbinq, hq h| nili||jux qd, jq `ij|q hnluibinqj``x, sy|g jnj`xqhl| ljsjeh`hqhi| aiisiu

    hnqd j`` juij| df qgi dukjnh|jqhdn. Jn jnj`xqhl| julghqilqyui qgjq hnqikujqi|j`` juij| df

    qgi dukjnh|jqhdn h| ljsje`i df ai`hviuhnk bdui jllyujqi jna ldbsuigin|hvi suiahlqhvi

    hn|hkgq| jna bhnhbh|i| qgi sd||heh`hqx df bh||hnk dyq dn hbsduqjnq vjuhje`i| jna qgihu

    iffilq|.

    L`d|i`x ui`jqia qd qgi jedvi q{d ldn|haiujqhdn| h| qgi niia fdu qgi LID qd auhvi qgi

    jadsqhdn df jnj`xqhl| jlud|| qgi dukjnh|jqhdn. [hqgdyq j lgjbshdn df fjlq"ej|iaailh|hdn"bjohnk inldyujkhnk, nyakhnk jna ljmd`hnk qgi inqhui dukjnh|jqhdn qd ibeujli

    qgi sdqinqhj` df ajqj jna jss`x qgi jnj`xqhl| ljsjeh`hqhi| jvjh`je`i, jqqibsq| qd

    hn|qhqyqhdnj`h|i jnj`xqhl| j| qgi |qjnajua sudli|| fdu ailh|hdn"bjohnk, du qd iws`dhq ajqj

    fdu hnndvjqhdn, bjx qyun dyq qd ei gj`f"ejoia, fyqh`i iwiulh|i|.

    Dukjnh|jqhdnj` j`hknbinq |quylqyui, sudli||i| jna ly`qyui h| jndqgiu oix

    ldn|haiujqhdn vhqj` fdu |ylli||fy``x ibeiaahnk jnj`xqhl| ljsjeh`hqhi| hn qgi dukjnh|jqhdnj`

    fjeuhl. Qgi y|i df ajqj jna qgi ais`dxbinq df jnj`xqhl| fdu ailh|hdn"bjohnk by|q lyq

    jlud|| hnqiunj` edynajuhi| hn duaiu qd xhi`a qgi ei|q ui|y`q|. Qgh|, gd{iviu, kdi| jkjhn|q

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    18/22

    :7Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    qgi kujhn df jn dukjnh|jqhdn jna ljn ij|h`x luijqi fuhlqhdn, juki`x eiljy|i qgi ndqhdn df

    dukjnh|jqhdn hq|i`f uihnfduli| |h`d| jna |yeldn|lhdy|`x ah||yjai| bibeiu| fudb fuii`x

    jna |ijb`i||`x |gjuhnk hnfdubjqhdn. [hqgdyq qgi uhkgq |quylqyui jna sudli||i|, qgi|i

    |h`d| {h`` dn`x ei fyuqgiu |quinkqginia. Qgi jlo df j ly`qyui qgjq sudbdqi| iws`dujqhdn

    jna iwsiuhbinqjqhdn '{hqg j |in|he`i j``d{jnli qd fjh` eyh`q hn( bhkgq lyuqjh` qgi sdqinqhj`

    df |sj{nhnk hnndvjqhdn fudb ajqj.

    Hnvi|qbinq hn jnj`xqhl| ljsjeh`hqhi| by|q kd eixdna biui`x sudlyuhnk qgi uhkgq

    qilgnd`dkhlj` |d`yqhdn| jna |x|qib|. Hq by|q j`|d hnvd`vi jlzyhuhnk jna aivi`dshnk qgi

    uhkgq qj`inq jna hn|qhqyqhdnj` |oh``| qd jnj`x|i jna hnqiusuiq ajqj, ah|qh` jna jss`x

    hn|hkgq| fudb ajqj, jna ldn|qjnq`x iws`dui jna qghno jqiuj``x qd iwqina qgi sd||heh`hqhi| df

    hnndvjqhdn jffduaia ex ajqj. Hn bjnx dukjnh|jqhdn| qgiui h|nq j |gduqjki df y|ify` ajqj

    eyq qgi jeh`hqx qd iwqujlq {h|adb jna hn|hkgq| fudb qgib. [gh`i hn qgi sj|q zyjnqhqjqhvi

    jnj`x|q| {iui juki`x ui|sdn|he`i fdu jnxqghnk qd ad {hqg ajqj, qdajx bjnx bdui ajqjy|iu| dykgq qd ei izyhssia {hqg j ujnki df ajqj, suiahlqhvi jna hnqiusuiqhvi |oh``|, hn

    qjnaib {hqg qgi iwsjn|hdn df ajqj jss`hljqhdn| jna y|i|. Hq |gdy`a ndq ldbi j| j

    |yusuh|i {gin jn hnluij|hnk nybeiu df dukjnh|jqhdn| jlldua kuijqiu sudbhninli qd qgi

    Lghif Hnfdubjqhdn Dffhliu| ud`i hn |qujqikhl ailh|hdn"bjohnk.

    Jna fhnj``x, dukjnh|jqhdn| by|q jadsq j sjujahkb |ghfq hn duaiu qd fy``x ljshqj`h|i dn qgi

    dssduqynhqhi| jffduaia ex ajqj hn jn iuj {giui dsin ajqj jna dsin hnndvjqhdn jui bdui

    qgjn my|q ey}}{dua|. @ddohnk eixdna qgi {j``| df qgi dukjnh|jqhdn fdu ajqj jna

    hnfdubjqhdn h| df hnluij|hnk jna luhqhlj` hbsduqjnli, j| h| eyh`ahnk bijnhnkfy` niq{duo|

    {hqg |qjoigd`aiu|. [gh`i qgi hnqiusuiqjqhdn jna jss`hljqhdn df ajqj {h`` uibjhn

    sudsuhiqjux, hq h| hoi`x qgjq qgi bjmduhqx df ajqj, hn|dfju j| qgix jui suhvjlx" jna |ilyuhqx"

    suddf, {h`` ei qguy|q hnqd dsin s`jqfdub|. Qgi ei|q jnj`xqhl| qilgnd`dkhi| {h`` dn`x ei

    y|ify` hf qgix ljn fiia dn j `jukiu jna {haiu sdd` df ajqj.

    Hn niia df j edd|qiu

    Ajqj y|ia qd ei qgi eduhnk |qyff, jna jnj`x|hnk qgib j |silhj`h|b df qilgnhlj``x"qujhnia|qjqh|qhlhjn|, dfqin ynfjhu`x |qiuidqxsia j| ajqj kiio|. Hnluij|hnk`x, ehk ajqj h| eildbhnk

    qgi niwq fudnqhiu df ldbsiqhqhvi javjnqjki. Sjuq df qgh| h| ad{n qd qgi uij`h|jqhdn qgjq

    bjnx qujahqhdnj` |dyuli| df ldbsiqhqhvi javjnqjki, qgdykg |qh`` ui`ivjnq jna shvdqj`, jui

    uijlghnk j sdhnq df |jqyujqhdn jna jui eikhnnhnk qd d|i qgihu ah|qhnlqhvini|| qgjq hnhqhj``x

    |iuvia j| oix ahffiuinqhjqhnk fjlqdu| fdu dukjnh|jqhdn|.

    D{hnk qd sui|inq ajx bdeh`hqx df gybjn jna fhnjnlhj` ljshqj`, bd|q juki dukjnh|jqhdn|

    ljn kjhn jlli|| qd qgi |jbi sdd`| df qj`inq jna sdq| df hnvi|qbinq. Qgjno| qd qgi

    |siia jna |ldsi df ond{`iaki ah|siu|hdn hn qgi bdaiun ildndbx, ijaiu| jui zyhlo`x

    je`i qd `ijun qgi `jqi|q ei|q sujlqhli| hn qgi hnay|qux, du uilihvi iwsiuq javhli fudb jn

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    19/22

    :8Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    iviu kud{hnk ljaui df ldn|y`qjnq|. Dukjnh|jqhdnj` ldui ldbsiqinlhi| jna ui|dyuli| jui

    hn niia df j edd|qiu qd khvi qgib j ni{ ij|i df hfi. Gjuni||hnk qgi edd|qiu sdqinqhj`

    df ajqj qd ldbs`ibinq, jna hn bjnx lj|i| ivin jykbinq, iwh|qhnk |dyuli| df

    ldbsiqhqhvi javjnqjki h| qgi oix kdhnk fdu{jua.

    J`qgdykg {gjq h| ldn|haiuia j| ehk ajqj bjx vjux fudb |ilqdu qd |ilqdu jna dukjnh|jqhdn

    qd dukjnh|jqhdn hq ljn ujnki fudb j fi{ ad}in qiujexqi| qd by`qhs`i siqjexqi| qgi oix

    h| ndq qd jkdnh|i dviu qgi jbdynq df ajqj eyq qd ldn|haiu qgi jssudsuhjqi qdd` qd euijlg

    qgi fudnqhiu. Qgi|i quina| gjvi ghkg`hkgqia gd{ jnj`xqhl| ljn ei qgi qdd` qgjq

    dukjnh|jqhdn| ais`dx qd qjoi fy`` javjnqjki df ajqj hn qgi zyi|q qd bjoi ailh|hdn| qgjq

    auhvi |qujqikx jna siufdubjnli bdui iffilqhvi`x jna qd |sj{n hnndvjqhvi sudaylq| jna

    |iuvhli|. [gh`i ahjknd|qhl jna suiahlqhvi dyqldbi| jui qgi bd|q |dykgq jfqiu einifhq|

    fudb eyh`ahnk jna ais`dxhnk jnj`xqhl| ljsjeh`hqhi|, fdu{jua"qghnohnk dukjnh|jqhdn| jui

    `ddohnk eixdna my|q qgi qujahqhdnj` ldnliun| df ajqj jna ailh|hdn|. Bjnx jui eikhnnhnkqd |sdq hnndvjqhdn dssduqynhqhi| jna nhlgi| ex yn`ij|ghnk ndq my|q qgi jnj`xqhlj` eyq j`|d

    qgi luijqhvi sd{iu df javjnlia jnj`xqhl| dn ehk ajqj qd biiq jqinq bjuoiq niia| {hqg

    ni{, du hbsudvia, sudaylq| jna |iuvhli|.

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    20/22

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    21/22

    5:Ajqj h| qgi Niwq Fudnqhiu, Jnj`xqhl| qgi Ni{ Qdd`

    Ldnqjlq aiqjh`|

    Ehk Hnndvjqhdn Linqui

    Qgi [duo Fdynajqhdn

    5: Sj`biu \quiiq

    @dnadn \[:G 3JA

    hnfdCehkhnndvjqhdnlinqui.ldb

    {{{.ehkhnndvjqhdnlinqui.ldb

    {{{.qgi{duofdynajqhdn.ldb

    J`` uhkgq| ui|iuvia Ehk Hnndvjqhdn Linqui 'Qgi [duo Fdynajqhdn jna @jnlj|qiu Ynhviu|hqx(. Nd sjuq df qgh|

    sye`hljqhdn bjx ei uisudaylia, |qduia hn j uiquhivj` |x|qib du qujn|bhqqia, hn jnx fdub {hqgdyq suhdu {uhqqin

    siubh||hdn df qgi sye`h|giu|. Fdu bdui hnfdubjqhdn ldnqjlq hnfdCehkhnndvjqhdnlinqui.ldb. Qgi [duo

    Fdynajqhdn J``hjnli @hbhqia, 5: Sj`biu \quiiq, @dnadn, \[:G 3JA, YO. Uikh|qiuia Lgjuhqx Nd. ::167:

  • 7/30/2019 Data is the Next Frontier, Analytics the New Tool: Five Trends in Big Data and Analytics, and Their Implications for Innovation and Organisations

    22/22

    {{{.ehkhnndvjqhdnlinqui.ldb