Big Data implementation for organisations is driven by the need for a faster response time, enterprise-wide risk management and on demand risk analytics for a variety of purposes stated Sudipta Ghosh, Associate Director, Consulting-BI, PwC India at the recently concluded Computerworld India IT Roadmap three-city conference.
Industry Analysts from PricewaterhouseCoopers (PwC) tried their hand at demystifying Big Data in a session called, 'Big Data: Hype? Or reality around the corner?' at the conference which was held in Bangalore, Mumbai and Delhi on the 3rd, 4th and 5th of July respectively.
Ghosh went on to hit the nail on the head by stating that Big Data is definitely not hype. He added, "You need to architect Big Data solution for the enterprise scale and not for a single unit. You need to make a rational decision on what you are trying to achieve. It is not a solution for every problem nor applicable for every enterprise in every industry."
On the other hand, Pawan S Kumar, Executive Director, Consulting, PwC India defined Big Data as 'large volume of data sets in various form and speed that can be leveraged to derive value irrespective of where they are generated.' He said, "If you have to embark on this journey (Big Data implantation) you need to find if there is a quantum business value that you can deliver by implementing this solution."
"Most of the organisations, today, have multiple projects in flight. They keep moving from one to the next without giving the right level of attention to each project. The IT department wants to be game rather than focus on a single project. Hence, readiness of IT is vital before the implementation of a big data project," said Ram Periyagaram, Associate Director, Financial Services-BI, PwC India.