An overview of the seminar (Source: VNA) Sydney (VNA) - The United Associations of Vietnamese Students in New South Wales in Australia and the representative office of the Vietnamese Ministry of Science and Technology in Sydney jointly organised a seminar on technology themed “Data – Power to Future” on June 1 in New South Wales. Held at the University of Sydney, the seminar attracted the participation of nearly 100 Vietnamese students and post-graduates. The event provided Vietnamese students learning and working in Australia with basic knowledge on data analytics and its applications in common professions. Participants were offered a chance to listen to experts’ sharing about big data, artificial intelligence (AI) and data technology. Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. Big data can be analysed for insights that lead to better decisions … [Read more...] about Vietnamese students in Australia talk about big data
Unstructured data in big data
Data is collected from every activity (source: medgadget.com) Once in the purview of computer experts, Big Data and artificial intelligence (AI) today effect society with an unprecedented growth of knowledge. Data has become an important issue to individuals and organisations. Individuals generate data with every action that sends ripples through the Internet and social networks, creating a digital trace mirroring every facet of their lives. Even everyday objects, like connected cars and smart TVs are part of this data generation. Data is now a vital part of people’s existence and creates new knowledge about them. However, the issue is what this data is used for. For businesses and organisations, the collection and analysis of data is very important to research people and the market, to formulate informed decisions. Big Data, if sufficiently processed, will help to make proper decisions. However, if it is not processed properly, it will be next to useless and impact the … [Read more...] about Data and humanity – who will dominate?
Bank Indonesia (BI) (Photo: Antara) Jakarta (VNA) – The Bank Indonesia (BI) - the central bank - has made optimum use of big data to formulate policies expected to speed up the national economic growth, said BI Deputy Governor Erwin Rijanto. By taking advantage of big data, the BI is able to predict something more accurately and quickly, Rijanto said after opening an international seminar on big data in Bali. Rijanto said nearly 30 percent of the world’s central banks, including the BI, have used big data to build policies. These policies are related to monetary and macro-prudential analyses, financial system stability, information needs and new researches, he said. The other advantages of big data are new indicators which enable the central banks to map the linkage of financial institutions through a network analysis to mitigate the systemic risks of the financial system, Rijanto said. In addition, big data will also enable their users to identify economic … [Read more...] about Indonesia’s central bank optimises big data to boost growth