Making decisions based on the analysis of Big Data is the secret to success of many organizations in today’s competitive business world.
The Informatics Institute of Technology (IIT) recently held the Big Data Analytics Tech Forum at BMICH, to provide insight into the new trends of Big Data.
“Organizations around the globe have recognized the immense business value which can be gained by using data. There is currently a huge demand for skilled professional in data related jobs around the world. There is a growing need for Sri Lankan companies to keep up with current global technology trends in order to achieve greater organizational goals. IIT is offering an exclusive MSc Big Data Analytics program from Robert Gordon University, UK,” CEO of IIT, Dr. Sampath Kannangara said.
“IIT is a pioneer in providing internationally renowned undergraduate and postgraduate programs. Over the years we have been focused on producing all-round graduates that are able to empower their respective organizations. IIT graduates are in high demand in the Government, Corporate and IT sectors mainly due to our focus on catering to the industry needs,” he said.
Professor of Intelligent Systems Research at Robert Gordon University, Prof. Nirmalie Wiratunga and Prof. John McCall from the Smart Data Technologies Centre of the Robert Gordon University, UK addressed the Tech Forum. Prof. Nirmalie Wiratunga spoke on the topic of Data Driven Recommender Systems, while Prof. John McCall spoke on Data Driven Optimization, with an emphasis on naturally inspired algorithms. This was the second Big Data Analytics Tech Forum held by IIT with the focus on giving Sri Lankan professionals an insight into the use of Big Data and its advantages.
‘Big data’ is the study of gaining insight and analysing large volumes of data, filtering it out and presenting it to principal decision makers, said Prof. John McCall.
“When you have very complex sets of data and you must make decisions at a rapid speed, systems should have intelligence to present you with the best options. Big Data takes away the effort of simply working out how to make decisions with all constraints and allows you to focus on the things that require a human’s decision to make,” she said. Prof. Nirmalie Wiratunga said that the study of Big Data would allow cheaper and more productive solutions as the same job could be done with fewer resources.