Big Data analysis is something of a bet on the future and forecasts that envision gigantic sales and hip business models can be described as fairly bold. With almost absolute certainty, it can be said that the Internet of Things and Industry 4.0 will likely become the most important generators of Big Data. Howard Wang, chief information officer for Aden Group, writes about how companies can get the most from Big Data. Big Data, at its simplest, is about getting a large volume of information and being able to use it effectively. People sometimes forget that second part, but it is key. Big Data is so “big” because everyone is now connected to the Internet and is generating information throughout the day. Every phone, every laptop, every wearable in your building is a rich source of data. When you add smart buildings to the equation, the capacity grows even more. An Internet of Things (IoT)-connected building can collect and combine information from so many systems such … [Read more...] about Ensuring data helps in decision making
Internet of things and big data
The Vietnam Actuarial Conference 2018 hosted by Prudential with the attendance of over 200 actuaries and insurance professionals discussing Big Data More insurance businesses are now planning to apply new technologies in their management systems and improve customer services, while many also plan to develop new products to meet market demand as well as diversify insurance sales channels, according to a survey released by Vietnam Report in June last year. In particular, 82.4 per cent of insurance companies said they were building a Mobile Internet development strategy and 64.7 per cent have adopted strategies based on two key factors in Industry 4.0: the Internet of Things (IoT) and Big Data. Disruptive technology Big Data provides new insights from social networks, telematics sensors, and other new information channels. As a result, it allows understanding customer preferences better, enabling new business approaches, product development, and enhancing existing internal models, … [Read more...] about How can Big Data drive the future of insurance?
Hanoi is planning to deal with the pressures of urbanisation with smart city solutions The summit, held by the Hanoi People’s Committee in collaboration with the Asian-Oceanian Computing Industry Organisation (ASOCIO) and the Vietnam Software and IT Services Association (VINASA), aims to share views, strategies, and experiences in developing smart cities in Vietnam and other regional countries through the deployment of new applications using technology like the Internet of Things (IoT), Big Data, and AI. Vietnam reports one of the highest paces of urbanisation in the region and the world. According to a report from the Ministry of Construction, Vietnam had 813 urban areas as of the end of 2017, while 37.5 per cent of the populace was living in cities. On August 1, 2018, the prime minister approved the project on Vietnam’s smart and sustainable urban development in 2018-2025 with vision to 2030, which set the target that at least three urban areas will have their general … [Read more...] about Hanoi to become smarter and more secure through digital solutions
Vietnam should apply new tech to agriculture: expertsBy Thuy Dung Nguyen Do Anh Tuan, director of the Institute for Policy and Strategy for Agriculture and Rural Development, speaks at a seminar in Hanoi City on August 21 – PHOTO: VNA HANOI – Vietnam should apply scientific and technological advances and develop a knowledge-based ecosystem that closely connects stakeholders in the agriculture sector in a bid to build smart agriculture, speakers said at a seminar in Hanoi City on August 21. The Ministries of Agriculture and Rural Development, Planning and Investment, and Science and Technology co-organized the seminar, which was aimed at finding solutions for the smart and sustainable application of science and technology in the development of the agriculture sector. Local scientists and experts as well as overseas Vietnamese intellectuals attended the seminar to examine Vietnam’s agriculture sector and highlight the opportunities and challenges in technology … [Read more...] about Vietnam should apply new tech to agriculture: experts
While giant technology firms like Google, Facebook and Amazon are cashing in on their users' data, Vietnamese companies remain largely oblivious. “Most Vietnamese companies that have large data sets don't know how to deal with them. It’s essential to set up technological infrastructure and upgrade the system for them to be able to deal with data from mining, collecting to using and taking advantage of it [big data],” Pham Thi Phuong, CEO of Greenhat and VietnamJoy spoke at the recent Big Data Innovation Summit 2016 in Ho Chi Minh City. Telecommunications, banking, finance and e-commerce are known to posses enormous data and so have huge potential for growth, according to data experts at the event. Vietnam has seen some positive signals from leading telecommunications companies like Viettel, Mobifone and VNPT as they have established specialized divisions to exploit data, said Luu Danh Anh Vu, Country Director of Cloud Computing, IBM Vietnam. However, they still … [Read more...] about Big data in Vietnam: the untapped treasure