Transforming Big Data into Smart Data: Deriving Value via harnessing Volume, Variety, and Velocity using semantic techniques and technologies
- Day - Time: 09 June 2014, h.11:00
- Place: Area della Ricerca CNR di Pisa - Room: A-27
- Amit Sheth (Ohio Center of Excellence in Knowledge-enabled Computing - Wright state University – Dayton OH USA)
Big Data has captured a lot of interest in industry, with anticipation of better decisions, efficient organizations, and many new jobs. Much of the emphasis is on the challenges of the four Vs of Big Data: Volume, Variety, Velocity, and Veracity, and technologies that handles volume, including storage and computational techniques to support analysis (Hadoop, NoSQL, MapReduce, etc), and. However, the most important feature of Big Data, the raison d'etre, is none of these 4 Vs -- but value. In this talk, I will forward the concept of Smart Data that is realized by extracting value from a variety of data, and how Smart Data for growing variety (e.g., social, sensor/IoT, health care) of Big Data enable much larger class of applications that can benefit not just large companies but each individual. This requires organized ways to harness and overcome the four V-challenges. In particular, we will need to utilize metadata, employ semantics and intelligent processing, and go beyond traditional reliance on ML and NLP.
For harnessing volume, I will discuss the concept of Semantic Perception, that is, how to convert massive amounts of data into information, meaning, and insight useful for human decision-making. For dealing with Variety, I will discuss experience in using agreement represented in the form of ontologies, domain models, or vocabularies, to support semantic interoperability and integration. Lastly, for Velocity, I will discuss somewhat more recent work on Continuous Semantics, which seeks to use dynamically created models of new objects, concepts, and relationships and uses them to better understand new cues in the data that capture rapidly evolving events and situations.
Smart Data applications in development at Kno.e.sis come from the domains of personalized health, energy, disaster response and smart city. I will present examples from a couple of these.