MUMBAI: Majority of the decision makers in Indian enterprises have ranked Business Intelligence as the major use of Big Data. They also agree that cloud computing and Big Data can give significant impact for their business. According to a survey by online education company Skillsoft, 65% of decision makers in India ranked business intelligence as the greatest benefit of leveraging Big Data — huge and complex data sets from various sources which are difficult to process.
The IT industry might be tripping over each other fighting for analytics professionals, but at some Indian enterprises, CIOs say it isn’t quite yet the time to hire separate data analysts–pointing to perhaps a mismatch between what enterprises are looking for and what’s available. In the last two years, the demand data analysts, data scientists, business intelligence professionals, has skyrocketed. In a recent Gartner report, the research agency pointed out that by 2015, big data will produce 4.4 million jobs globally, but only one-third of those jobs will be filled. According to McKinsey, India will need 2 lakh data scientists in the next few years.
Singtel-owned Optus has signed a deal with global customer service desk 7, which will provide Optus customers live support, seven days a week, via a click-to-chat app. Optus uses the 7 Assist support chat platform for laptops and desktop PCs. This service, according to 7, utilises “big data analytics” to predict a customer’s issue and provide “real-time decision support making abilities”.
Big data analytics innovator Mu Sigma, based in Chicago and Bangalore, has acquired the Singapore-based social media analytics firm Webfluenz. Mu Sigma, one of the most successful Indian tech startups, with a billion-dollar valuation, counts more than a quarter of Fortune 500 companies among its customers. Its USP is to conflate data from multiple sources – people and machines, processes and platforms – to help its clients make intelligent decisions in critical areas like risk, supply chain, and marketing. Mu Sigma employs over 3,000 decision scientists with experience across 10 verticals.
Preferred Infrastructure (Preferred) is storming Japan’s big data landscape. The thirty-strong company was founded by graduate students, overcame Japan’s own busted tech bubble, and now sells its natural language processing software-as-a-service to some of the country’s top firms. The list is media-heavy, with the Asahi Shimbun, Nikkei Business, and NHK (the national public broadcaster) leading the pack. However, Preferred’s services are varied enough to also entice the likes of NTT, Japan’s largest telco.
Public transportation has been a subject of great discontent over the past few years. With sky-high car ownership costs in the island-state, it comes as no surprise that citizens turn to trains and buses as their main mode of transportation. In fact, according to Desmond Kuek, CEO of SMRT Corporation Ltd (SMRT), over 6.3 million passenger trips are made daily across the Singapore transport system, and each day trains cumulatively run one-and-a-half times the circumference around the Earth’s equator – that’s about 40,000km.
Silicon Valley-based Japanese startup FlyData has received an additional investment of US$1 million US$1.45 million from Nissay Capital, Archetype Ventures, and CyberAgent Ventures. Prior to today’s round, the startup had previously raised US$680,000 from investors including 500 Startups and CyberAgent Ventures in 2011. Then, in June of last year, it raised US$925,000 from Nissay Capital.
Contexti, a premier Big Data Analytics Consulting, Training and Managed Services company has today announced a partnership with Mediatrac, a strategic analytics company serving the Indonesian market. “Indonesia is an important market for us in South East Asia,” said Sidney Minassian, Founder & CEO of Contexti. “Together with our partner Mediatrac, we’re bringing a winning combination of market insights, deep local relationships and expertise in big data platform implementation.”