Frost & Sullivan thought leaders will present their latest research on ICT: Helping Connected Industries Embrace Big Data Analytics at GIL 2014: Europe, that returns to London for its sixth consecutive year on Wednesday 14th May at the Royal Garden Hotel in Kensington.
Businesses and consumers are navigating within increasingly interconnected systems of machine - and human-generated intelligence. The ability to capture relevant information from streams of 'Big Data' is essential to commercial success in this new, dynamic environment of connected industries.
Frost & Sullivan VP & ICT Director Ajay Sule explains: "The phrase 'Big Data Analytics' is often used together with, 'Internet of Things (IoT)' to encapsulate opportunities to commercialise new sources of business intelligence.
"Sectors such as financial services, retail and ICT are taking the lead in the use of tools, cloud and mobile technologies to improve productivity and customer satisfaction."
Nevertheless much more can be done. Companies in many sectors are working to understand the potential impact on their internal processes and competitive environments. The natural impulse of ICT is to emphasise technology, but it is equally important to help businesses identify the benefits in their respective markets.
"The future of big data analytics and its application in IoT, or connected industries in our language, is only limited by our collective imagination," said Sule.
"As Pablo Picasso once said, 'computers are useless they can only give you answers'. The ability to craft the right questions will determine the benefits from big data analytics."