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Spotlight: Big Data, Big Opportunity

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Spotlight: Big Data, Big Opportunity

Date Published:
Wednesday, May 9, 2012

Charlotte Informatics 2012: Competing and Winning through Analytics is a groundbreaking conference for the Charlotte business community. The conference will bring a diverse group of leading national thinkers, visionaries, experts, and executives from business, technology and education to discuss the impact of "big data" and analytics; it will be held on May 15 at the Ritz-Carlton Hotel in Uptown Charlotte.

According the company Tech Target, big data is a general term referring to unstructured and semi-structured data an organization creates and which is unwieldy and costly to analyze. Analyzing big data helps discover repeatable business patterns that can be exploited to aid the organization. If left unmanaged, the sheer volume of unstructured data that’s generated each year within an enterprise can be costly to store, and pose a liability if information cannot be located in the event of a compliance audit or lawsuit. In other words, big data has big ramifications.

"The big data era has begun," said Yi Deng, dean of UNC Charlotte’s College of Computing and Informatics. "It will be transformative for competition and growth of businesses across all major industries in the greater Charlotte region. It is the next frontier for innovation, competition, and productivity."

The goal of the conference is to raise awareness about the opportunities that "big data" brings, and to develop regional strategies to enhance the business competitiveness, attract talents, stimulate business innovation, and entrepreneurship in the Charlotte informatics industry.

Big data is a general term referring to unstructured and semi-structured data an organization creates and which is unwieldy and costly to analyze.

The national think tank of analytics experts includes keynote speaker, Tom Davenport, chair of Information Technology and Management at Babson College, one of the world’s leading business strategy consultants. Other speakers represent Bank of America, Carolinas Healthcare, Charlotte Chamber, Department of Homeland Security, IBM, Lowe’s, McKinsey & Co., M.I.T., Premier Inc. and Wells Fargo.

The conference is a collaborative effort between UNC Charlotte’s College of Computing and Informatics, the Belk College of Business and the Charlotte Chamber.

"UNC Charlotte has a long tradition of collaborating with the business community to develop programs that respond to forces of change and emerging trends," said Steve Ott, dean of the Belk College of Business. "The academic programs we’re developing will create a highly skilled workforce to meet these business needs."