DEMOfest North February 2014 | Page 8

Workshop - Big Data Big Data is a general term relating to datasets that are characterised by the “3 Vs”: high Volume of data, high Velocity of data generation, and high Variety from highly heterogeneous data and different sources. To date the industry has concentrated mainly on the “3 Vs” but is now beginning to explore a 4th V: how it can use analytics to extract added Value. For example in the oil and gas field additional value comes from enhanced oil recovery, in online retail it can be through understanding your customers motivations better during the transaction, and in the public sector it is providing better more responsive services. This event will explore current approaches to utilizing advanced analytics for gaining business value from data. The purpose of the workshop is to identify future areas of development, build relationships to address data challenges and stimulate ideas for potential solutions that can be supported through the planned Data Lab. This event is essential for any business trying to understand how it can get more from its data or for entrepreneurs looking to exploit these opportunities. This workshop will bring together members of academia, users and software organisations to debate key developments and approaches to exploiting value from data. Workshop - Big Data 14.00 Welcome 14.05 Opportunities through collaboration • The Data Lab – Neil Logan, CTO Lockheed Martin and TAG lead on The Data Lab bid • ITF – Will Davies, ITF, Senior Technology Analyst 14.35 Short talks on “Getting Value from Data” •Complex networks and complex processes, Professor Simon Dobson, St Andrews University • Autonomous Condition Monitoring of Subsea Control Systems, Dr Andrei Petrovski RGU / Viper Subsea • OpenData: What’s the ROI? Ian Watt, Aberdeen City Council • Social sensing: mining social media, Professor Ayse Goker, Robert Gordon University 15.35 Panel and Participant Discussion “Exploiting data opportunities for business and society” 16.10 Close