BigDataFrontiersEconomicDevelopment[Oct2013]
- 1. The Next Frontiers for Innovation, Increase Productivity and Sustainable Economic Development inspired by Science Bounded by our imagination innovation through Technology Create Social impact Masoud Nikravesh Baku International Humanitarian Forum Oct 31-Nov 1, 2013 Baku – Azerbaijan The total economic potential for efficiency improvements is about $800 Billion.
- 2. Computing HPC & Cloud Algorithm/ Analytic Data Experiment Ethical PoliticalEntrepreneurship Competiveness Machine AI Human IA
- 3. Big Data and Analytics The Next Frontiers for Innovation, Increase Productivity and Sustainable Economic Development Drivers, Challenges Frontiers, Science and Technologies Market Value and Growth Workforce of the Future Society Human-Machine Interaction Techno-Economic Valleys and Universities inspired by Science Bounded by our imagination innovation through Technology Create Social impact
- 4. Drivers for Change – Big Data • Continued exponential increase in experimental, simulation, sensors, and social-economical data World Population: Today-~6B, 2050-~9B, 2100-~10B %70 will live in Cities by 2050 By 2020: 35 trillion Gigabytes Data (Cyber-Physical world is connected through billions to even trillions of sensors and devices) Petaflop with ~1M Cores in your PC by 2025?
- 5. Cost for Genome Sequencing $100million $7,000 Today, we can generate hundreds of gigabases of DNA and RNA sequencing data in a week for less than US$5,000. In the next few years, we will be able to have entire personal genome sequenced for $1,000 or less and create Peta bytes of data.
- 6. BIG Data Challenge Deliver securely Create insights Make right decisions and at the right time Create value and impact Privacy inspired by Science Bounded by our imagination innovation through Technology Create Social impact
- 7. Big Data is a key part of the strategy for innovation. Major organizations and government agencies should implement advanced science/technology, IT/computing infrastructure and advance analytics tools to increase productivity. Big Data combined with advanced analytics is the next frontiers for sustainable economic development. Frontiers inspired by Science Bounded by our imagination innovation through Technology Create Social impact
- 8. BIG Data- Science & Technologies Big Data Technologies Big Data Techniques Big Data Science- HPC Big Data - Cloud Petaflop with ~1M Cores in your PC by 2025?
- 9. Big Data can generate significant financial value across sectors Represents more than 40 percent of global GDP in 2010. Medical ICT $348 billions The total economic potential for efficiency improvements is about $800 Billion. Source: Espicom Business Intelligence, IDC 2011
- 10. Health Care in US: $300 Billions/year more than double the total annual health care spending in Spain) Medical ICT $348 billions SOURCE: McKinsey Global Institute analysis Source: Espicom Business Intelligence, IDC 2011 Market Growth The Big Data market is projected to grow at a fast pace from US$ 6.3 billion in 2012 to 48.3 billion by 2018 – with currently only 0.5% of all this data being analyzed. The total economic potential for efficiency improvements is about $800 Billion.
- 11. Workforce of the Future Society Human Machine Techno-Economic Valleys and Universities Techno-Economic Valleys and Universities Create the high-tech innovations that forms the backbone of today's and Tomorrow’s "New Economy." 21st century skills: problem-solving, critical thinking, entrepreneurship and creativity
- 12. Educating the Workforce of the Future Revised by: Nikarvesh Need: 140,000–190,000 more deep analytical talent positions 1.5 million more data-savvy managers needed to take full advantage of big data in the United States
- 13. Nature of Work, Education and Future Society “Creative Creators” or “Creative Servers”: Do complex task, and Enhance, Refine, and Reinvent. “T. Friedman and M. Mandelbaum” That Used to be Us” 20th Century 21th Century Number of Jobs 1-2 Jobs 10-15 Jobs Job Requirement Mastery of one Field (Single Deep Expertise) Breadth; Depth in several Fields (Multiple Deep Expertise) (Broad Knowledge) Charles Fadel inspired by Science Bounded by our imagination innovation through Technology Create Social impact
- 14. Tm T m Tm-shaped Individual and not just T or m-shaped Single Expertise Multiple Deep Expertise Single Deep + Multiple Expertise Hybrid Broad Knowledge 21st century skills: problem-solving, critical thinking, entrepreneurship and creativity