Big Data: An Enterprise Asset

March 24th, 2017 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

The inaugural Capital Data Summit took place on Feb. 15, 2017 at The Ritz-Carlton, Tysons Corner. Here on the NVTC blog, we continue to share content from this exciting event.


Transp Data Summit Logo - TransparentThe Summit’s Role of the CDO panel explored the role of the CDO and provided insights into how the role is evolving. Panelists discussed the adoption of big data and analytics within their respective organizations and identified obstacles that they currently are facing in the performance of their role.

Panelists included Freddie Mac Vice President of Single Family Data Delivery Services Susan Burke, HHS Office of the Inspector General Senior Advisor to the Chief Data Officer Timothy Kropp and District of Columbia Chief Data Officer Barney Krucoff. Booz Allen Principal Data Science Dr. Kirk Borne moderated.

Some of the key points that emerged from the panel included:

  • Data is an enterprise asset that must be supported by flexible architecture so it can be leveraged and utilized across different organizational teams.
  • It is a responsibility of the CDO to reduce friction that prohibits the flow of data across the enterprise and between the enterprise and the public.
  • Since data informs and drives business, many CDOs and their departments are structured under the CEO umbrella today; that doesn’t mean there aren’t strong lines of communication and partnership to the CIO umbrella.

View the full video from the Role of the CDO panel here:

CDo Panel 1 v2 CDO Panel 3 v2 CDO 22 v2

Check out the Capital Data Summit photo gallery!

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Building on the success of its inaugural Capital Cyber Summit in Nov. 2016 and inaugural Capital Data Summit in Feb. 2017, NVTC is pleased to announce the dates of and open a call for sponsorships for its next two summits.

Capital Health Tech Summit: June 15, 2017
NVTC will host the inaugural Capital Health Tech Summit to explore how technology is transforming the business and delivery of health. The Summit will showcase how the intersection of commercial, government and academic assets makes the National Capital Region the epicenter for innovation and opportunity in the health technology sector. The Summit will:

  • Showcase leading edge technology products and services offered by companies and institutions in the region
  • Highlight use cases from public and private sector thought leaders reflecting the technology trends disrupting the sector and transforming the future of healthcare
  • Leverage the region’s proximity to national policymakers and health-related federal agencies to provide insight from leading government officials and regulators
  • Offer insights about the future of health technology
  • Provide unmatched opportunities to network with potential partners, customers and investors

NVTC sincerely thanks the Capital Health Tech Summit Platinum Sponsor Inova Center for Personalized Health and the following sponsors for their support: Booz Allen Hamilton; Clearsight Advisors; Consumer Technology Association; Cox; Dovel Technologies; Howard Hughes Medical Institute; MAXIMUS; and PwC.

Click here to learn about available sponsorship opportunities for the 2017 Capital Health Tech Summit.

Capital Cybersecurity Summit: Nov. 14-15, 2017
The second annual Capital Cybersecurity Summit will feature keynote speakers and panels offering unique insights on emerging cybersecurity technologies, digital solutions, operations and enforcement from the private sector, government and academic perspectives. The Summit will also include a technology showcase at which cybersecurity companies from Virginia, Maryland and D.C. can promote their products and services, network, and connect with potential customers, partners, investors and employees.

Click here to learn about available sponsorship opportunities for the 2017 Capital Cybersecurity Summit.

Sponsorships for both summits are NOW AVAILABLE. In addition to the tremendous marketing and branding value of visibility among conference attendees, speakers and guests, summit sponsors have the unique ability to guide the content and speaker selection as members of the summit steering committees. Participation in the steering committee is limited to sponsors only, so contact Yolanda Lee today to secure your company’s sponsorship of one or both of these upcoming summits.

You can also learn more about NVTC event sponsorships here.

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Capital Data Summit: Meg Whitman Keynote

March 7th, 2017 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

We continue to share content from our inaugural Capital Data Summit that took place on February 15, 2017 at The Ritz-Carlton, Tysons Corner. Scroll down to view HPE’s Meg Whitman full Capital Data Summit keynote presentation video.


Whitman FiresideThe 2017 Capital Data Summit was headlined by three top keynotes: Hewlett Packard Enterprise President and CEO Meg Whitman, Clarabridge Founder and Vice Chairman Sid Banerjee, and DigitalGlobe Founder, Chief Technical Officer and Executive Vice President Dr. Walter Scott.

Whitman sat down with Inova Center for Personalized Health CEO and NVTC Board Chair Todd Stottlemyer for a “fireside chat” conversation. Whitman explained how big data is powering the next industrial revolution, allowing new insights through predictive analytics. She shared how innovations like memory-driven, rather than processing-driven, computing are allowing HPE to provide intelligent services “at the edge” where data is collected rather than on a central server.

In discussing the future of the industry, Whitman stressed the importance of skilling the next generation of data employees and the pivotal role universities will play in partnering with the private sector to meet these talent demands. View Whitman’s full keynote below:

We’ll be sharing more Capital Data Summit content and videos here on the NVTC blog. Stay tuned!

Check out the Capital Data Summit photo gallery!

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The inaugural Capital Data Summit took place on Feb. 15, 2017 at The Ritz-Carlton, Tysons Corner. Here on the NVTC blog, we continue to share content from this exciting event.


Transp Data Summit Logo - TransparentThe Summit’s engaging VC and Growth Investing in Commercial and Government Data Opportunities panel shared approaches in analyzing, financing and building successful businesses, and the latest data investing opportunities in the commercial and government markets. Panelists included Updata Partners General Partner Carter Griffin and Revolution Growth Partner Steve Murray. MAVA Executive Director Julia Spicer moderated.

Here are some of the valuable points that emerged from this discussion:

  • Greater Washington’s loyal and expert talent pool set the region apart from other tech hubs in terms of investing. According to Griffin, “Around here…we find people are loyal to the cause and want to join these companies and really build something. I think that’s a nice backdrop for building a company.”
  • Investments hinge on a company being able to solve a fundamental problem or improve the customer experience. Companies must be able to explain why they are “nailing their niche.”
  • Investors are finding themselves betting on technology trends that may happen in five to ten years.
    • Investments in machine learning, artificial intelligence and unstructured data enterprises are rapidly expanding today.
  • While entrepreneurship continues to grow in areas beyond Silicon Valley like Greater Washington, Boston and Austin, there are valuable lessons to be learned from the Silicon Valley ecosystem that does a great job fostering entrepreneurship:
    • Silicon Valley has a strong culture of mentorship and collaboration that can be fostered further in other areas
    • The networking culture in the Valley is unmatched; entrepreneurs are confident talking about their products in a variety of settings
    • Silicon Valley entrepreneurs are not as hesitant to make mistakes
    • There is stronger collaboration between established service providers and startups; service providers in the Valley really take the time to help startups grow

 VC Panel 1 v3 VC Panel 2 v2 VC panel 3v2

Return back to the NVTC blog soon for more Capital Data Summit content!

Check out the full Summit photo gallery!

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Capital Data Summit: Sid Banerjee Keynote

March 1st, 2017 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

We continue to share content from our inaugural Capital Data Summit that took place on February 15, 2017 at The Ritz-Carlton, Tysons Corner. Scroll down or click here to view Clarabridge’s Sid Banerjee full keynote presentation video.


Transp Data Summit Logo - TransparentThe 2017 Capital Data Summit was highlighted by its keynote speakers:  Clarabridge Founder and Vice Chairman Sid Banerjee, Hewlett Packard Enterprise President and CEO Meg Whitman and DigitalGlobe Founder, Chief Technical Officer and Executive Vice President Dr. Walter Scott.

In his opening keynote, Banerjee gave an analysis of the shift in the data ecosystem today from traditional structured data models to the growing influence of unstructured data, especially in the consumer experience sphere. He shared the need for a new wave of emotionally empathetic computing that sources customer data across many digital channels to provide customer insights.

View the full video of Banerjee’s keynote remarks:

We’ll be sharing more Capital Data Summit content and videos here on the NVTC blog. Stay tuned!

Check out the Capital Data Summit photo gallery!

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We continue to share content from our inaugural Capital Data Summit that took place on February 15, 2017 at The Ritz-Carlton, Tysons Corner. Scroll down to view DigitalGlobe’s Dr. Scott full Capital Data Summit keynote presentation video and his presentation slides.

Transp Data Summit Logo - TransparentThe 2017 Capital Data Summit was highlighted by its keynote speakers:  Clarabridge Founder and Vice Chairman Sid Banerjee, Hewlett Packard Enterprise President and CEO Meg Whitman and DigitalGlobe Founder, Chief Technical Officer and Executive Vice President Dr. Walter Scott.

In his keynote, Dr. Scott discussed how satellite imagery and remote sensing are harnessing big data at a global scale. He explained trends that are enabling large scale analytics and shared how DigitalGlobe’s imagery and analytics solutions are being put into practice to serve a variety of customers and social causes. View Dr. Scott’s presentation slides here.

Dr Scott Clip Slides

View the full video of Dr. Scott’s remarks:

Check out the Capital Data Summit photo gallery!

Stay tuned! We’ll be sharing more content from the Capital Data Summit here on the NVTC blog over the coming weeks!

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Check Out the Capital Data Summit Photo Gallery!

February 22nd, 2017 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

Transp Data Summit Logo - TransparentOne week ago, NVTC hosted the inaugural Capital Data Summit at The Ritz-Carlton, Tysons Corner. With over 300 attendees, the Summit highlighted our region’s unmatched set of data analytics assets with keynote remarks by Clarabridge Founder and Vice Chairman Sid Banerjee, Hewlett Packard Enterprise President and CEO Meg Whitman and DigitalGlobe Founder, Chief Technical Officer and Executive Vice President Dr. Walter Scott, panel sessions led by data analytics experts from the public, private and academic sectors, and a top technology showcase.

We just launched the photo gallery from the event. Click here to view the full gallery and feel free to share and download!

Capital Data Photo 1

Capital Data Photo 2

Banerjee Keynote 1 Web Article

Whitman Fireside

Dr Scott Keynote 3 Web Article

We’ll be sharing more Capital Data Summit content and videos here on the NVTC blog. Stay tuned!

 

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Our latest Capital Data Summit guest blog is from Srdjan Marinovic, CTO of DC-based startup Wireless Registry. Wireless Registry indexes the world’s detectable WiFi, Bluetooth and Bluetooth Low Energy (BLE) signals in a single, searchable platform. Marinovic will be a panelist on the Identity Management in the Age of the Internet of Things panel at the Capital Data Summit taking place on February 15, 2017 at The Ritz-Carlton, Tysons Corner.


WRThe proliferation of Internet of Things (IoT) devices poses new security challenges. Sensitive IoT use cases, like financial transactions and access control, must be secured against novel attacker models on an unprecedented scale. Significantly, traditional identity verification and authentication methods ‒ reliant on connection and the exchange of secrets (passwords or keys) ‒ are impractical across so many billions of wireless devices. As a result, Wireless Registry envisions identity for the IoT as a “secret-less” cloud solution constructed from IoT contexts.

An IoT context is a set of wireless devices in proximity to each other. The WiFi, Bluetooth and BLE signals these things emit create temporal clusters. For example, a home context may comprise a WiFi router, Bluetooth speaker, TV and a smartphone; a transportation context a number of cars on a highway and the surrounding urban infrastructure; a payment context several routers, a point of sale and customers’ BLE wearables. Devices can leverage IoT contexts as identities that inform trust-based decision-making prior to taking an action. A driverless car, for example, may augment its assessment that it is, in fact, parked in front of an airport terminal prior to unlocking for a passenger, based on the (anonymized) “fingerprint” of detectable signals around it.

Devices move around, so proximity is constantly changing. At any given moment, wireless things enter and exit IoT contexts. Signal contexts are dynamic, both for fixed spaces and for the individual mobile devices that pass through them. A smartphone will develop a temporal identity ‒ its own IoT context ‒ based on patterns of detections of things it encounters as it moves through the world (its owner’s wearables, item tracker, car, home and work WiFi contexts, and much more). Consequently, prior to enabling a mobile payment transaction, an app may rely on several different trusted IoT contexts to support not only that it is close to a payment terminal and inside a retail store, but also alert to abnormal usage patterns that could indicate possible theft or loss of that smartphone.

In summary, whereas legacy paradigms continue to inspire security approaches that involve keys and secrets, Wireless Registry suggests that identities for the IoT may be constructed and verified through IoT contexts. Indeed, although traditional solutions are adequate on smaller scale enterprises, on a global scale they are not feasible, and thus contextual identities are the solution.


With a Ph.D. in computer security from Imperial College London and a research background in information security at ETH Zurich, Srdjan Marinovic is CTO of Washington, DC-based startup Wireless Registry.

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In his guest blog, Earth Networks Chief Marketing Officer Anuj Agrawal shares an inside look into the power of environmental data and how it is making cities smarter, cleaner and more resilient. Agrawal will be speaking on the Smart Cities Panel at the 2017 Capital Data Summit taking place on February 15, 2017 at The Ritz-Carlton, Tysons Corner.


EN new color logoYou interact with environmental data on a daily basis. It’s there when you turn your smartphone on to silence your alarm. It’s on your TV when you sip your morning coffee. And it’s on the radio during your commute to work. Free weather data and other types of environmental information helps us pick out our outfits, time our commute and plan our after-work activities. But can it do more than that?

We here at Earth Networks think so. And so does the Smart City Council Readiness Program. All ten of the Smart Cities Council Readiness Challenge Grant finalists named energy or some form of the environment as their top priority. This is because weather and greenhouse gas (GHG) data play vital roles in making cities more livable, workable, sustainable and resilient.

Commercial-grade weather data provides more than just a weekly forecast. In fact, its diverse capabilities make it a key component for resilient cities. Weather data affects a city’s population and some aspects of the economy; offering insights that no other data set can provide. Advanced weather data feeds and historical data is easily integrated into predictive models that can provide cities with smart decision-support so that you can plan for both routine and severe weather events.

As people begin to move out of the suburbs and into the cities, city pollution is on the rise. The scientific community estimates that 70% of GHGs are generated in urban areas. GHG data is so important because if you can quantify the amount of emissions in your city, you can make steps towards controlling it. With GHG data, smart cities can develop smart policies to reign in those emissions and have local, accurate baseline data to support their initiatives.

Environmental data is critical for smart city development. Both weather data and GHG data offer insights that can make communities safer, healthier and, ultimately, smarter. To learn more about how weather and GHG data can both help mitigate financial, operational and human risk in smart cities developing across the world, don’t miss the Smart Cities Panel at the Capital Data Summit on February 15, 2017.

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NVTC has published the second infographic in its new research series. In this data analytics-focused piece, we’ll take a look at the data behind the compelling numbers in the infographic.

NVTC Data Infographic 2017

Big Data and Analytics Drive Growth

By 2020, the amount of digital data produced will exceed 40 zettabytes, which is roughly equivalent to 6,080 years of HD video, a period longer than recorded history. More data has been created in the last two years than in the entire previous history of the human race. The total amount of data captured and stored by industry doubles every 14.4 months.

Over 3.5 billion Google searches are made daily and 205 billion emails are sent each day. Facebook has over 30 petabytes of user-generated data and Twitter sees over 230 million tweets daily; for scale, one petabyte is roughly equivalent to 13.3 years of HD video. Gartner projects that connected devices making up the Internet of Things (IoT) will grow by two billion to over 8.4 billion IoT devices in use this year, representing one billion more devices than people on the planet.

However, less than 0.5 percent of data created is analyzed or used.

Funding & Revenue

Venture capital funding for Greater Washington companies offering analytics products and services totaled over $93 million in 2016; the largest single funding round was $12 million for ThreatQuotient, announced in August.

According to Gartner, consumers and businesses spent nearly $14 billion on devices, which is expected to grow to $17 billion in 2017 while IoT services are expected to reach $273 billion.

IDC projects double-digit growth – a CAGR of 11.7 percent – in the big data and analytics market through 2020, growing from $130.1 billion in 2016 to $203 billion in 2020. IDC also projects that the IoT market will reach $1.46 trillion with global IoT revenue of $7.06 billion by 2020, with retail and manufacturing as the two leading IoT industry verticals.

Workforce

Analytics talent continues to be in high demand with no signs of slowing in the immediate future. Glassdoor named data scientist as 2016’s hottest job across all business sectors, not just IT. Data engineer was ranked third and analytics manager ranked fifth on this same list. One-third of surveyed NVTC members indicate they are currently hiring data analysts.

Conclusion

Big data and analytics is undeniably a growth industry by every possible measure and no region is better equipped to meet the demands emerging from the new data ecosystem than Greater Washington. With its leading data analytics firms, highly-skilled workforce, expertise serving federal, state and local government customers, and many outstanding academic institutions, Greater Washington’s big data assets are unmatched. Promoting growth and partnership opportunities across the region is why NVTC is hosting its inaugural Capital Data Summit on February 15, 2017 at The Ritz-Carlton, Tysons Corner. Click here to learn more about this premier big data event.

Click here to learn more about NVTC’s research initiatives or email NVTC Research and Strategic Initiatives Manager John Shaw.

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