Carrying forward from our discussions in #hkuiom regarding Sensor Tech, the Internet of Things and Big Data in the context of manufacturing, below is a video caselet. Stanley Black & Decker has scratched the tip of the iceberg that we have envisioned in our discussions.
Here is an infographic released by IDC last year, that showcases the (lack of) awareness of Big Data among manufacturers in Asia.
Data is Money. The pace at which User Generated Content is being created increasing, and consequently so is the wealth of the IT companies that own it. This animated gif provides an understanding of the scale of this data deluge.
Click the animation to open the full version (via Penny Stocks Lab).
Sticking with the theme of advertising and analytics, here is the video we use in #hkuiom to illustrate why ‘Analytics’ cannot be viewed in isolation.
Big data presents several opportunities to entities that are able to make sense of it. This infographic, by Elexio.com, presents an overview of the rate of big creation, and opportunities for value creation across various fields due to big data.
Image via elexio.com
Key tech trends include wearable computing, contextual apps, big data and maturation of social networks.
Futurologist Robert Scoble has predicted four major tech trends – wearable computing (see my previous posts here), contextual apps, Big Data (see previous posts here), and social network maturation.
future (Photo credit: Sean MacEntee)
While these trends will surely change commerce practice in the coming years, the nexus of these trends will be immensely disruptive. Think convergence – contextual apps on wearable computers that provide services based on real-time analysis of social and location data, delivered via omnipresent wireless internet access.
Wearable computing: Think Google Glasses or Motorola Solutions’ new HC1 headset computer that you attach to your head and operate with voice commands
The “open world”: Android’s relative openness has encouraged “contextual apps” to emerge from the woodwork. “Apple doesn’t let them [developers] talk to the WiFi radio or bluetooth radio,” said Scoble.
Weird databases and the rise of “big data”: “We are seeing weird databases spring up like mushrooms,” said Scoble. These include NoSQL, Firebase, and MongoDB.
The maturation of social networks: The leading social media sites like Facebook, Twitter, and LinkedIn are accumulating a massive store of user-generated data. What will they do with it?
Read more at http://venturebeat.com/2012/10/24/scoble-kawasaki/#B8hsX6orKpglPyWy.99
Gartner predicts that worldwide IT spend will reach $3.7 trillion in 2013.
Worldwide IT spending is forecast to surpass $3.7 trillion in 2013, a 3.8 percent increase from 2012 projected spending of $3.6 trillion,
from Gartner Says Big Data Creates Big Jobs: 4.4 Million IT Jobs Globally to Support Big Data By 2015
Big Data will contribute a small share of this total spend.
English: Gartner Research’s Hype Cycle diagram (Photo credit: Wikipedia)
Big data will drive $28 billion of worldwide IT spending in 2012, according to Gartner, Inc. In 2013, big data is forecast to drive $34 billion of IT spending.
from Gartner Says Big Data Will Drive $28 Billion of IT Spending in 2012
However, an increasing proportion of worldwide IT spend will be outside traditional IT budgets, leading to the rise of new organizational roles and responsibilities in the area of digital strategy.
Twelve years ago technology spending outside of IT was 20 percent of total technology spending; it will become almost 90 percent by the end of the decade,
Gartner predicts that by 2015, 25 percent of organizations will have a Chief Digital Officer.
from Gartner Says Every Budget is Becoming an IT Budget
Other key forecasts include the proliferation of mobile devices, leading to a BYOD, mobile work culture.
In 2016, more than 1.6 billion smart mobile devices will be purchased globally. Two-thirds of the mobile workforce will own a smartphone, and 40 percent of the workforce will be mobile.
by 2018, 70 percent of mobile workers will use a tablet or a hybrid device that has tablet-like characteristics.
Gartner predicts that in three years, 10 organizations will each spend more than $1 billion on social media.
from Gartner Says Big Data Creates Big Jobs: 4.4 Million IT Jobs Globally to Support Big Data By 2015
