Big Data is a topic set to make one of the most profound influences on our lives…We have witnessed several waves of change in the IT landscape: mainframe, mini-computers, PC/microprocessors, client servers, cloud computing and now– Big Data. Though I am sure that most of you are familiar with the term, Big Data relates to the process of capturing and analyzing large amounts of data to uncover hidden patterns, unknown correlations and other useful information. The results are tremendously influential, not only to businesses but also to our society, as I will uncover.
The difference between traditional analytics (which have been around for years) and Big Data lies in three key areas: data volume, data type and processing speed.
Finally, the Big Bang did happen. And what a date to pick! What timing, with the government announcement being made less than a week before Ganesh Chaturthi, the Hindu festival that marks the day Lord Ganesha bestows his presence on earth. Lord Ganesha is the “ remover of all obstacles” and all events and happenings begin by chanting his name. The benefactor obliged and the roadblocks began to be removed and dismantled.
So, what did the government of India actually do a little more than two weeks ago? To start, it made a few bold moves to address key issues relating to fiscal deficit and restarted the reform process. To me, this is just the beginning and a lot more will follow, contrary to popular belief.