For this new BIGIT Blog series, we feature our Speakers – industry experts from around the world, as they share their insights on the ongoing challenges, future opportunities and growth potential of Big Data in the South East Asia (SEA). Read on to get a sneak preview of their presentation for the upcoming BIGIT Technology Malaysia 2016 and a fun trivia about them too.
This week, we welcome Daniel Castro, Director from Centre For Data Innnovation, US to share with us his thoughts on the development of Big Data in SEA, the significant changes in the industry through the years as well as the interesting aspect regarding Big Data for the next 5 years.
BIGIT Team (BT): Share with us on your role as Director at the Centre for Data Innovation.
Daniel Castro (DC): The Center for Data Innovation is a non-profit think tank with offices in Washington and Brussels that studies how public policy can be used to support data-driven innovation. Our goal is to help governments create smart policies that leverage data to address important economic and social challenges, such as building cities that are smarter, more sustainable, and highly resilient. As director of the Center, I lead a team of researchers who are investigating the most effective policies to enable data-driven innovation in a variety of sectors. Over the past year, we have engaged in a number of projects including: a comparative study of open data efforts across the G8 countries; a report on the role of data analytics in genomic research; an investigation of the opportunities to use data to improve water management; and a deep look at why countries should develop national strategies to promote the adoption and use of the Internet of Things. In addition, we have a number of forthcoming reports on topics such as data-driven innovation in primary and secondary schools and opportunities to promote data science for social good in Europe.
BT: What significant changes have you seen take place in the Big Data industry through the years?
DC: The industry is rapidly maturing so that advanced analytical tools once available only to specialists are now being integrated into tools so that these capabilities are available to even those with limited technical abilities. This means that data analytics are available to virtually every business—the big question is which ones will take advantage of the opportunity to integrate data into their business strategy and processes. These types of tectonic shifts to entire industries are rare events, but when they do come, they present a major challenge and opportunity for businesses.
BT: What are your thoughts on the development of Big Data in SEA?
DC: Southeast Asia has many opportunities to leverage big data in the coming years. In particular, data analytics and the Internet of Things will have a big impact on industries such as manufacturing, logistics, and mining. In addition, many countries in Southeast Asia will be investing heavily in infrastructure for power, water, and transport over the next decade. This is an ideal opportunity to build out “smart” physical infrastructure that leverages sensors, data, and analytics to make these investments more profitable for the national economy.
BT: What do you think is going to be the most interesting aspect regarding Big Data for the next 5 years and why?
DC: The next phase of data-driven innovation will be the rise of artificial intelligence. The growing availability of data coupled with the rapid advances in fields like machine learning have created a new opportunity to use algorithms to automate many decisions. Expanding the use of artificial intelligence could greatly increase productivity, improve public safety, and generate enormous social benefits.
BT: What will the key takeaways for the audience be after your presentation at BIGIT Technology Malaysia 2016?
DC: The key takeaway from my presentation will be that public-private partnerships are necessary to ensure that both government and industry are able to successful leverage data-driven innovation. The U.S. government is actively working with the private sector to support open data and the Internet of Things, and these actions have contributed to early success and lessons learned for other countries. In addition, the United States has fallen short in other areas, and there are many opportunities for the public sector to better support the development, adoption, and use of data-related technologies.
BT: If you could time travel, where would you go?
DC: Technological innovation is one of the most powerful forces for social and economic progress, especially over the long term. If I could hop into a time machine, I would most want to have the opportunity to see a generation or two past my lifetime so that I could witness how decisions made today have shaped the future. Plus, I’d like to ride in a flying car!
Read more on Daniel Castro’s profile here.
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