View from India: Better data analytics requires higher-capability systems
Technology-led intervention has redefined the way we work and live. As every industry imbibes technology, it generates vast amounts of data. The challenge lies in successfully processing this data and using its analytics for decision-led outcomes.
At a global level, 98 per cent of existing data has been generated in the last two years and data is estimated to grow by 10 times over the next 10 years. “Less than one per cent of this data has been analysed,” said Prakash Mallya, managing director, Intel India, speaking at the recent fourth edition of IoTNext2018 Global Summit. “This is because data is in silos due to which it becomes difficult to determine what to analyse or discard. There are also challenges related to legacy systems. Hence it’s important to drive analytics harder on the solution. By 2019, 45 per cent of data will be stored, analysed and acted on at the edge.”
India stands at an interesting place as far as data analytics is concerned. What differentiates the country from other parts of the globe are the diverse languages and spoken dialects. Consequently, we need linguistic experts to handle data analytics specific to a particular region and then scale it nationally. Along with linguistic experts, we also require higher-capability systems to analyse data. Video is among the tools that facilitate data analytics and it happens through camera inputs like imagery. “In the next two to three years, over 40 per cent of solutions in IoT will have a capable edge to analyse data. Video data is hardly analysed as it’s only used for general purposes,” said Mallya.
Camera feed and video data can drive real-time insights, which can to be tapped by a cross-section of industries such as retail and healthcare for better results. “With digital interventions across industries, the core of the digital effect is customer experience. The pace at which things are communicating is increasing profusely, because of which we are in a boundary-less world, that generates realms of data. Different kinds of data come out of devices; it becomes crucial to bring all data sources together,” explained Daisy Chittilapilly, managing director, Digital Transformation Office, Cisco India.
Typically, the company or provider moves the data to applications and automate decisions. Things don’t stop at this. “The focus should be on data privacy and data sovereignty. Other aspects relate to data computing and standardisation. The data fabric of enterprises reveals that part of the data will be on the edge and at times partly on cloud. A multi-cloud strategy is required in such situations,” reasoned Chittilapilly. This also leads us to cyber security that should cover the digital aspects as well as the physical operations.
Apart from that, it’s also important to leverage Internet of Things (IoT) to store, compute and analyse data. In an effort to raise the IoT quotient in India, an IoT Forum has been established in 2014. With time, it has spread its national footprint to include 1,250 IoT startups, of which 50 per cent are in Bangalore. The city is a microcosm of the IoT world that has put together system integrators, investors, incubators and mentors, all of whom have collectively raised the IoT quotient.
“We aim to build IoT landscape from sensor to the cloud for making the technological evolution deeper and profound. A time has come when we have to leverage technology for creating modules and infrastructure required to build products taking into account the cost factor and operate at scale along with deployment,” highlighted Ravi Gururaj, President, TiE Bangalore. Hardware companies are evaluating technologies such as 5G, especially when it comes to used cases that are Indian driven. It is estimated that 5G will have an economic impact on developer applications, gadgets and used cases to the tune of $1trn between 2020 and 2030.
Other than 5G, it’s vital to encourage design-led manufacturing. While some companies have already forayed into design-led manufacturing, the country can become a global hub in design and manufacturing only when system engineering gets large-scale adoption. Quality detections, lower inventory, reduction in energy and risk and secure policy-based industrial control systems are among the hallmarks of manufacturing. We can look forward to a future when defects will be reduced through edge analytics and track assets. Suppliers will have role based access to business data. Global fleet connectivity will drive the distribution chain.
“IESA wants to make India an electronics systems manufacturing hub for the world. By 2026, the expenditure on hardware will be more than $800bn. The total outlay on electronics in India will exceed $ 1 trillion,” highlighted Anilkumar Muniswamy, Chairman, IESA.
Nearly everything is getting re-organised, as connectivity is at a level never seen before. With tech-based connectivity, businesses are being powered and many services are positioned as subscription-based pay-and-use models. We are moving into a dynamic convergent future.
The IoTNext2018 Global Summit is presented by India Electronics and Semiconductor Association (IESA) and TiE (The Indus Entrepreneurs) Bangalore.