Envision’15, a flagship business meet of XSYS, the Systems Association of Xavier Institute of Management, Bhubaneswar (XIMB) was held in the premises of XIMB here on August 29. The theme of the conclave was “Transforming Financial Services with Big Data Analytics.”The speakers for the day were Vinay Kumar, CEO Datawise, a consulting, research and analytics firm; Ashok Dash, Senior Business leader, Microsoft Business Solutions, India, Nitin Goyal, Head Big Data COE, British Telecom, Bangalore and Srinibas Pattnaik, Senior Director, SAARC.
The discussion was moderated by Prof Dipak Mishra of XIMB who opened the conclave by talking about how Big Data will benefit numerous industry domains across various sectors. He also gave examples of how companies like CITI Group, JP Morgan, Walmart and the IBM-Twitter Collaboration have successfully implemented Big Data and are reaping immense benefits from it.
Vinay Kumar spoke about how the world is so connected today that the repercussions of one event influences the economies of many other countries referring to last week’s devaluation of the Chinese currency and its effects worldwide. Coming to the FSI domain, he talked about fraud management; how the Indian economy is human driven and needs to become more algorithm driven.
Ashok Dash, an XIMB alumnus, talked about the huge market potential and the evolution of Big Data.Nitin Goyal spoke about Self Service Analytics, Customer Experience Analysis, Operational Excellence and Security Analysis.Srinibas Pattnaik enlightened with concepts of Geospatial Big data, its applications in Google maps etc., the challenges faced and the efforts undertaken to address them.The panel discussion was followed by an insightful question and answer session. Vote of thanks was given by Prof Sanjay Mohapatra.