What is the issue?
- Mobiwik recently published a report that extensively used Big-data analytic tools.
- China seems to be racing ahead in the Big-data business.
How does the Big-data landscape look in China?
- China is already capitalising big data for solutions in areas like policing, education, urban planning & traffic management.
- Chinese government feels that the full potential of big data remains unrealised due to low-level sharing of resources.
- Hence, it is even working on establishing industry standards that will facilitate seamless sharing.
- Their aim is to triple the scale of China’s big data industry by 2020 to foster new economic growth.
What was the Mobiwik report?
- Mobike is one of the largest share-cycle service providers in China.
- It recently released a white paper on its service, which studied the impact biking on the economy, urban transport, environment and living standards.
- The report had done an extensive quantitative and qualitative analysis of Mobike’s vast trove of travel data.
- It provided remarkably detailed insights on the behavioural patterns of various social groups broken down to clear specifics.
How does the future look?
- Big-data can bring in revolutionary changes in decision making.
- While concerns about privacy & data abuse are indeed real, completely shunning big-data can’t be the solution.
- We therefore need to develop robust structures to facilitate data sharing between entities without compromising on privacy.
- All stakeholders - the industry, academia, policy makers and the wider public could immensely benefit from big-data.
Source: Indian Express
