Two Big Data initiatives in WA

Our third meeting for the year attracted 84 people from a wide variety of disciplines and interests. Two speakers presented development of innovation hubs around big data and the Internet of Everything based in Perth, and afterwards there was enthusiastic networking at The George Hotel. We are grateful to CISCO for sponsoring the networking session.

Lauchlan Wallace told us about Woodside’s extensive commitment to a data science program. Woodside recognised that the organisation has data-rich and very deep silos, such as subsea engineering and production systems, reservoir management, and production operations. The observed in the oil and gas industry there is little information and data exchange across silos. Given Woodside’s strong technical foundation and collaborative culture on which they could build, there was an opportunity for sharing data and insights across the organisation. The aim was to unlock the collective intelligence of the organisation, past and present.

In 2014, an internal survey concluded there was an exponential growth of data; mostly unstructured. It also found computing power is not keeping up with the growth of data. This leads to the need for new algorithms to handle the data volumes, including machine learning and the automation of algorithm development. Woodside believes cognitive computing offers new ways to solve uncertain or ambiguous problems. In May this year, Woodside announced it is collaborating with IBM to use Watson as part of its predictive analytics strategy.

Woodside is now accelerating its data science program. They have around 30,000 data sources making up nearly 3TB of data. They have added industrial strength to the process of generating big data solutions, and are now using machine learning to speed up development of data analytic algorithms.

Woodside sees their participation in the Cisco/Curtain IoE Innovation Centre as an essential part of their open collaboration approach and further developing their capabilities.

P6220012Gary Hale, from CISCO, then outlined the Cisco Internet of Everything (IoE) Innovation Centre (CIIC).  The Internet of Everything embraces the Internet of Things which is mostly about connected devices, and extends it by adding people, process and data.

We are in a stage of digital and IoE market transition, and witnessing a rapid pace of change. The Digital economy is “done” – we are now in the transformation phase. Australia needs to catch up in its innovation. One of CISCO’s aims in establishing the CIIC is to enhance Australia’s productivity.

Gary noted that by 2020, 75% of businesses will be fully digital. Only 30% of those digitisation efforts will be successful. The primary reason for failure is the failure to innovate and reinvent as the context changes. 87% of companies stall; yet only 11% recover. Of today’s major companies, only one third will survive the next 20 years. Innovation is not an option; the alternative is failure.

Most importantly, the Internet of Everything has the potential to grow global corporate profits by 21% by 2022.

People are and will remain critical in the future as the Internet of Things grows. People comprehend insights and make conceptual leaps. Part of the transformation is to provide ways for people to gain insights from data.

Gary noted that there is no innovation without people. To bring about innovation they need things to work on. And importantly, innovative people care about what they work on, how they work, and where they work.

The CIIC will conduct a variety of innovation activities, including hackathons; incubation of emerging ideas; prototyping laboratories; and investment and partnering opportunities. The aim is to bring together data people and domain experts, together with needs and challenges.

Gary outlined a seven layer model, ranging from the physical wires up to collaboration and processes, noting that most people are experts in just one or two of these layers. Will allow people to come in and participate in the layer in which they are experts and work with others who are experts in the other layers.
IoT Layer Model

Source: Jim Green, CISCO Connect

Gary then gave us a challenge, showing some outcomes of the CISCO innovation process in England by highlighting the network of innovation that happens with a British Innovation Gateway (B. I. G)

Source: CISCO British Innovation Gateway

Gary summarised his talk in three points:
• The pace of change is creating disruption.
• Innovation is a given – not optional.
• The CISCO centre will provide WA with a sandbox.

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