America
India can benefit from Big Data/ Analytics - networking group formed
Indian Business and Technology Opportunities organized a
successful meeting of academics, professionals, entrepreneurs and potential
investors in Big Data / Analytics at a meeting on May 31st in New York City. With
predictions of $125 billion worldwide market for Big Data / Analytics, the
Indian American entrepreneurs is strategically well placed to take a share of
this market because of the large number of the community involved in maths and
statistics, computer software development and other associated technologies
such as data generation through internet of things.
The discussion forum was put together and moderated by Dr.
Thomas Abraham, GOPIO Founder and President of Innovative Research and
Products. “The Indian American community has a unique advantage because of our
professional involved in applied sciences, engineering, IT and analytics, and
we need to poll our resources to make advancement in this field,†said Dr.
Abraham.
The program started with an overview on Big Data and
Analytics opportunities in the US
– India scene by Dr. Abraham
Phillips, Analytics Consultant, Saber Cloud Solutions and Adjunct Professor, Rider University, NJ.
"Big Data is bigger than Oil ! It is the new wealth!," said Dr.
Phillips.
Prof. Wullianallur “RP†Raghupathi, Fordham
University and Sudsun Consulting, New York
spoke on “Big Data Technology Innovation & Transfer; Big Data in Health
Care.†The healthcare industry historically has generated large amounts of
data, driven by record keeping, compliance & regulatory requirements and
patient care.
“Big data analytics in healthcare is evolving into a
promising field for providing insight from very large data sets and improving
outcomes while reducing costs. Its potential is great; however there remain
challenges to overcome,†Prof. Raghupathi said and concluded saying that
"Let the data speak for itself.
Mr. Terrence Moduthagam, Director, Programmatic Strategy,
Starcom MediaVest Group, Div. of Publicis Groupe, New York, spoke on “Big Data
for Marketing/Advertising and Other Emerging Applications.†According to Mr.
Moduthagam, the discussion forum explored new fields and opportunities in smart
application of big data.
“Leveraging the community's background and experience will
help to surface further and even more disruptive ideas - the possibilities are
limitless,†said Mr. Moduthagam.
Mr. Prashant Prabhala, VP, Markets & Technology, BNY
Mellon, New York
covered “Big Data and Real-Time Analytics in Financial Industry.â€
Prabhala said, “Big Data holds incredible potential and
possibilities to help in a broad array of use-cases.â€
Dr. Nethra Sambamoorthi, Lead Faculty Member for
Masters in Predictive Analytics program, Northwestern University, Chicago, IL
who spoke on “Innovations, Training, Industry Collaborations and Investments in
the Age of Big Data and Internet of Things.“
“In India
alone, we need to provide quality training for 250,000 data scientists, in the
next five years, to serve India,
and to fulfill India's
aspirations to serve the world," said Dr. Sambamoorthi.
All speakers indicated the shortage of people in Big Data
Analytics in the US and India and that if more people are trained in India, there are ample opportunities for them in
India as well as in the US. In this
regard, Dr. Sambamoorthi has started Institute of Analytics (USA) in New Jersey which will
provide Executive Diploma in Business Analytics at the Layola Institute of
Business Administration in Chennai with its enrollment starting this year.
The group decided to launch a networking group in Big Data /
Analytics and will meet regularly and plans to organize a major conference in
the Fall 2015.
For more information on the networking group, contact Dr. Thomas Abraham, [email protected], or Call 203-569-7909
**
Photo: Big Data / Analytics Group discussion Leaders: From l. to r. Terrence Moduthagam, Dr. Nethra Sambamoorthi, Dr. Thomas Abraham, Prashant Prabhala and Prof. Wullianallur “RP†Raghupathi