Big Data for Big Assets – Using Data & Analytics to Improve Asset Performance
June 3, 2020 @ 12:30 pm - 1:30 pm BST| Free
BIG DATA FOR BIG ASSETS – Using Data & Analytics to Improve Asset Performance
The value of “big data” and analytics is now well publicised. In many sectors, such as retail and finance, new sources of data and new analytical tools are transforming how businesses understand markets, service customers, and beat the competition. However, in sectors where most of the data are “old data” – e.g. utilities, energy and infrastructure – businesses are struggling to apply new tools, and extract new insights. This difficulty in turn makes them reluctant to explore new data sources.
Operators of big assets are asking:
• What’s really new about Big Data ?
• Aren’t we already doing it ?
• How can we make use of new data when we are already struggling with the old data ?
Simon Berkeley examines the forces at work in asset-intensive businesses that impede the take-up of new tools and analytics, and talks about how to address those challenges.
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Presentation : 12:30 – 1:00pm
Q&A : 1.00 – 1.30pm
We will be using Zoom to run this webinar. You will receive an email before the event with meeting details including instructions to join the event.