With 10Fold’s first ever Big Data Horizon (BDH) event coming to a close last week, we’re sharing some of the key takeaways on what industry leaders are focusing on as they build their data strategies.
- Big Data & Big Legal
With the ever-increasing complexity of data collection and a growing number of embedded sensors in the products used by enterprises, legal’s role in safeguarding such data was top of mind at BDH. George Gilbert, Lead Analyst for Big Data & Analytics at Wikibon, noted that technologies like “digital twins”, which provide the entire lifecycle data for products, will have far-reaching legal ramifications. Digital twin technology will likely raise unique challenges for enterprises that outsource data collection and analysis, as they will have to contend with new issues in data ownership and potential leakages.
- No More “Machine Learning”?
Big Data as an industry is rife with buzzwords, fads, and controversy. Often concepts in data science take on several name changes as technologies are either innovated upon or fade away in deference to competing technologies. Just as the term “perceptron” fell to neural networks, many participants at the BDH did not believe that “machine learning” would last as a phrase in the Big Data lexicon.
- Enabling Citizen Data Scientists
Software will increasingly take up a larger share of the pie with hardware and infrastructure maturing as market segments. These shifts will eventually translate into a greater number of power users and citizen data scientists taking on some of the less specialized aspects of data science, with many new tools emerging to cater to this audience. If this trend continues, employers will increasingly look for people who have an idea about data science fundamentals to bridge skill gaps as they look to apply data to business processes.
Are these trends in line with what you heard at Big Data Horizon, or if you weren’t able to make it to the event, have you been hearing similar things in your Big Data world? Let us know in the comments or on 10Fold’s Twitter, Facebook or LinkedIn.
And a huge thank you to all our first Big Data Horizon attendees. It would not have been a success without you, and we hope to see you all at the next Big Data Horizon event!