future of data nlb (18 dec 09 blog)

Future of Data How can Singapore use data to give the economy a competitive edge?

National Library Board“Policy Making 2010 – Emergent Technologies”Friday, 18 December 2009

“Welcome to the Petabyte

Age.

Sensors everywhere. Infinite storage.

Clouds of processors. Our ability to capture, warehouse, and understand

massive amounts of data is changing science, medicine, business,

and

technology. As our collection of facts and figures grows, so will the

opportunity to find answers to fundamental questions. Because in

the era

of big data, more isn't just more. More is different.”

Wired, 2008

Collect Analyze Present OptimizeStore

The sensor goes

onto your running

shoe.

The receiver goes

onto the base of

your ipod.

The sensor tracks

your run, then

sends the data to

your iPod.

Syncing your ipod

with nikeplus.com

allows you to see

all your workouts

and analyse

them.

Workout

information is

presented in a

visually appealing

way.

You can set goals

with friends and

train together.

Getting value out of data

3 Data Trends1.

Advancement in

Information Technologies 2.

Rise of the Numerati

3.

Democratisation

of Data

Trend 1. Advancement in Information Technologies

Information is becoming increasingly digitized

In 2008, data from Web

sites, emails, RFID chips,

networks, YouTube

videos,

industrial processors, and

other sources soared to 487

exabytes.

In 2012, there will be 5 times

as many bits created or

captured and added to the

Digital Universe as in 2008

As the Economy Contracts,

the Digital Universe Expands,

IDC (May 2009)

Source: MediaFuturist

http://gerdleonhard.typepad.com


The explosion of online networks and data collection

1995 2000 2005 2010 2015 2020

Web 1.0 Web 2.0 Web 3.0

What can I find? What can I contribute? What do I need to know

here and now?

Twine Understands Your Interests

•

Discover information that matters to you

•

Collect and share bookmarks and other content

•

Receive recommendations based on your interests


Faster and cheaper computers

Source: NYTimes


The use of new tools for analyzing unstructured data and new approaches

Source: “Real Time Rome”, Senseable

City Lab

Hal VarianGoogle Chief Economist

I keep saying the sexy job in the next

ten years will be statisticians. People

think I’m joking but who would’ve

guessed that computer engineers

would’ve been the sexy job of the

1990s

Trend 2: The Rise of the Numerati

Who are the Numerati?

“A new math intelligentsia is devising ways to dissect our every move

and predict, with stunning accuracy, what we will do next. Their goal?

To manipulate our behavior – how we buy, how we vote, whom we

love – without our even realizing it. […] The Numerati

shows how a

powerful new endeavor – the mathematical modeling of humanity –

will transform every aspect of our lives.”

‐

Stephen Baker ‐

StatisticsApplied MathematicsQuantitative Methods

Econometric Time SeriesPredictive Modelling

Source: “Fastest Growing Occupations”, US Bureau of Labour

Statistics 2007

Low ($21,220‐$30,560)

Veterinary

technologists and

technicians (41.0%)

Medical assistants

(35.4%)

Gaming surveillance

officers and gaming

investigators (33.6%)

Social and human

service assistants

(33.6%)

Pharmacy technicians

(32.0%)

Dental assistants

(29.2%)

High ($30,600‐$46,300)

Makeup artists,

theatrical and

performance (39.8%)

Substance abuse and

behavioral disorder

counselors (34.3%)

Physical therapist

assistants (32.4%)

Forensic science

technicians (30.7%)

Mental health

counselors (30.0%)

Mental health and

substance abuse social

workers (29.9%)

Marriage and family

therapists (29.8%)

Environmental science

and protection

technicians, including

health (28.0%)

Very Low

(<$21,220)

Personal and home

care aides (50.6%)

Home health aides

(48.7%)

Gaming and sports

book writers and

runners (28.0%)

Manicurists and

pedicurists (27.6%)

Very High

(>$46,360)

Network systems and

data communications

analysts (53.4%)

Computer software

engineers, applications

(44.6%)

Personal Financial

Advisors (41.0%)Veterinarians (35.0%)Financial analysts

(33.8%)Dental hygienists

(30.1%)Computer systems

analysts (29.0%)Database

administrators (28.6%)

Computer software

engineers, systems

software (28.1%)

Physical therapists

(27.1.1%)Physician assistants

(27.0%)

Trend 2: The Rise of the Numerati

Numerati

jobs are the fastest growing and highest paying

1. The U.S. military

developed and

implemented GPS as a

military navigation

system, but soon opened

it up to everybody else. 2. This lead to an

explosion of the private

GPS market (companies

like Garmin).

3. This enables individual

drivers make smarter

driving decisions

Trend 3: The Democratization of Data

Democratizing data can create value

"Democratizing data makes it automatically available to those who need it (based on their

roles and responsibilities), when and where they need it, in forms they can use, and with

freedom to use as they choose ‐‐

while simultaneously protecting security and privacy.”

W. David Stephenson


An Example: Stumble Safely


Singapore launches SG‐Space

3 Ideas1. Singapore the Numerati

Nation

2. Singapore the Digital Designer3. Singapore the Smart City

Idea 1:

Singapore the Numerati

Nation

3 skills for Data

Geeks1.

Statistics (Studying)

2.

Data Munging

(Suffering)

3.

Visualisation

(Storytelling)

“The ability to take data—to be

able to understand it, to

process it, to extract value from

it, to visualize it, to

communicate it—that’s going to

be a hugely important skill in

the next decades, not only at

the professional level but even

at the educational level for

elementary school kids, for high

school kids, for college kids.

Because now we really do have

essentially free and ubiquitous

data. So the complimentary

scarce factor is the ability to

understand that data and

extract value from it.”

Hal Varian, McKinsey Quarterly

Jan 2009

Idea 1: Singapore the Numerati

Nation

Idea 2: Singapore the Digital Designer

Idea 2: Singapore the Digital Designer Source: http://wefeelfine.org

Idea 3: Singapore the Smart City Source: http://senseable.mit.edu/trashtrack/index.php

A 20% increase in the price of electricity reduces consumption by 1%

Providing feedback about electricity usage reduces consumption by 10%.

Smart Meters: Pilot Project in Marine Parade

Idea 3: Singapore the Smart City

Thank youfuturesgroup.wordpress.com

Topics presented are on‐going research and do not

represent official policy statements or directions.

future of data nlb (18 dec 09 blog)

Technology