graham mossman " the big data internet of ... what?!"
TRANSCRIPT
© 2015 EXASOL AG1
The Big Data Internet of … What ?!
Graham Mossman, Senior Solution Engineer, EXASOL
© 2015 EXASOL AG2
The Big Data Internet of … What ?!
Technology Hype
Big Data & the Internet of Things
The Gartner Hype Cycle
Things that Aren‘t True
The Future
© 2015 EXASOL AG7
Big Data – Without the Hype
ALL available data is captured and stored
Even if it is “badly behaved”
Or not obviously immediately useful.
This data is analysed using “Data Science” to realise a business benefit.
For example:
Optimising a process
Understanding customers better
Finding new customers
Or creating a new service based on that data.
© 2015 EXASOL AG8
Internet of Things – Without the Hype
Sensors are placed on “Things of Interest” so that ALL available data is captured and stored in the Cloud.
This data is analysed using “Data Science” to realise a business benefit.
For example:
Optimising a process
Understanding customers better
Finding new customers
Or creating a new service based on that data
© 2015 EXASOL AG9
Four Things they say that just aren’t True
1. This is New
2. New business rules apply
3. Growth will be exponential
4. It‘s ready for everyone, now
© 2015 EXASOL AG10
What is actually New ?
Big Data
Data Science Methods (Maths & Statistics)
High volume / fast database platforms
(Hadoop + In-Memory Databases)
Internet of Things
Sensor Technology
Cloud computing
BIG DATA !
© 2015 EXASOL AG11
Do new business rules apply ?
Dot-Com Years (1990s)
Old World :
New World :
Eyeballs
Clicks
Page-views
Stickiness
Profit Cash
© 2015 EXASOL AG13
A lot of Business Cases use tricks like these
Take credit for stuff that would have happened anyway
1% of trillions is tens of billions
Good things will continue forever
Bad things will soon end
Ignore alternatives
Value stuff that has no material value
Growth will be exponential for ever
© 2015 EXASOL AG16
Reasons why growth is hardly ever exponential
Economic Disincentive (supersonic flight)
Regulatory Disincentive (Google/Microsoft)
Social Resistance (nuclear power)
Saturation (mobile phone)
Wider economic problems (particle physics)
Unrelated events (telephone)
Technical difficulties (quantum computing)
© 2015 EXASOL AG17
Is it ready for everyone, right now ?
A Big Data application needs:
Lots of “badly-behaved” data
A well-thought out question
And an algorithm
to get timely results
The ability to interpret the results
© 2015 EXASOL AG18
Is it ready for everyone, right now
An IoT application needs:
Lots of sensor data in the cloud
A well-thought out question
And an algorithm
to get timely results
The ability to interpret the results
© 2015 EXASOL AG19
Non-Technical Issues with the Internet of Things
Standards
User Consent
Freedom of Choice
Anonymity
Security
“Basket of Remotes”
Environmental Impact
Skills Shortage
© 2015 EXASOL AG20
Conclusion : Big Data & the Internet of Things will …
Change the world ... eventually
Follow the Hype Cycle
Be governed by old-fashioned financial logic
Increase the already strong demand for Data Science
SO ...
Learn Data Science !
Don‘t believe the Hype
Don‘t jump until you have a proven business case