According to leading analyst estimates, in 2011, the amount of information created and replicated surpassed 1.8 zettabytes (1.6 trillion gigabytes). According to another estimate as of 2012, about 2.5 exabytes of data were created each day. That number is doubling every 40 months or so. Social interactions, transactions, surveillance, medical records, educational records, machine generated data, open data, mobile devices, facilities, equipment, R&D, simulations, sensors, and physical infrastructure all contribute to the flow.
This massive flow of data has been understood to have an unknown value-to-volume ratio. But another key study estimates that reliable data could decrease product development cost in manufacturing by up to 50%. On the other hand, it is estimated that poor data could cost businesses up to 35% of their operating profits. The power of insights, generated by correlations and patterns from Big Data sources, presents one of the greatest transformative and business opportunities in recent times. In this context, Wipro helps organizations leverage Big Data for both differentiating at the front and standardizing their processes, technology and infrastructure at the core.
Our key focus areas in Big Data are:
- Discover Hidden Insights - 720 Degree view of Customers
- Prevent Failures Leveraging Machine & Device Data Analytics
- Enhance Fraud and Surveillance Capabilities
- Reduce Total Cost of IT Leveraging Hadoop Clusters