Generating Value from Data

Posted on January 22, 2012

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Education hasn’t kept up with development in Big Data according to Deng.

“We are facing a huge deficit in people to not only handle big data, but more importantly to have the knowledge and skills to generate value from data — dealing with the non-stop tsunami. How do you aggregate and filter data, how do you present the data, how do you analyze them to gain insights, how do you use the insights to aid decision-making, and then how do you integrate this from an industry point of view into your business process? The whole thing is hugely important for the future.”

Good questions. But education alone may not be answer. How about moving some of the data(base) experts and content analysis experts into this field?

The problem in solely focusing on teaching this stuff is that students do not have enough context about industry needs. While educational institutions teach theory, there is very little industry alignment or effort to understand industry needs. This problem cannot be solved in isolation. It has to be part of a bigger picture and spending a year or so in doing a variety of projects helping the industry.

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