|Data is collected from every activity (source: medgadget.com) |
Once in the purview of computer experts, Big Data and artificial intelligence (AI) today effect society with an unprecedented growth of knowledge. Data has become an important issue to individuals and organisations.
Individuals generate data with every action that sends ripples through the Internet and social networks, creating a digital trace mirroring every facet of their lives. Even everyday objects, like connected cars and smart TVs are part of this data generation. Data is now a vital part of people’s existence and creates new knowledge about them. However, the issue is what this data is used for.
For businesses and organisations, the collection and analysis of data is very important to research people and the market, to formulate informed decisions.
Big Data, if sufficiently processed, will help to make proper decisions. However, if it is not processed properly, it will be next to useless and impact the efficiency of businesses.
For example, if the rampant boom in population is not brought under control, problems related to foods, health, education, and other social affairs will only be exacerbated. In smart farming, all sensors collect data on the environment, air, land, and water – however, most of this data is unstructured and unprotected.
|Pierre Bonnet, founder of Smart-up.org cum CEO of Orchestra Networks |
According to Pierre Bonnet, founder of Smart-up.org cum CEO of Orchestra Networks, a world-leading company in data management, “Data knows about you more than you know about it. We could not know how much data about us is collected and where it is saved.”
Two problems on data management nowadays are how to collect and process data, and what data is used for. Some businesses use data for the proper purposes, but their data sources are not good enough, they could not be exact, or contain erroneous entries or duplicates. In some other cases, data is good enough but used for the wrong purposes.
Thus, businesses should understand the important role of data and data management, because if data is used for the proper purposes, it can become the foundation for socioeconomic development.
Realising the exponential growth of data and the upcoming challenges, Orchestra Networks Vietnam and Smart-up.org will organise an event themed “Data Management: The new challenge beyond Industry 4.0” on Thursday, December 13, 2018, at the Grand Plaza Hotel, 117 Tran Duy Hung Street, Hanoi.
Several local and international speakers, experts, researchers, representatives from leading companies in the fields of data management, Big Data, AI, blockchain, and the Internet of Things (IoT) will take part in the event.
The event aims to provide practical knowledge and information on the potential of data management, as well as applications of AI, blockchain, and IoT, while at the same time emphasising the damage that can be caused by low-quality or bad data. Subsequently, the event will present a smart and sustainable development direction for enterprises, countries, and environment in the age of Industry 4.0.
Established in 2000, Orchestra Networks is a leading provider of the Master Data Management (MDM) software. The company currently provides data management solutions to customers all over the world and across a range of industries, including financial services, banking, insurance, manufacturing, retail, consumer goods, technology, pharmaceuticals, public utilities, and global logistics.