The data revolution is here to stay. Big Data, Artificial Intelligence, and Machine Learning are constantly changing the way data is processed and used for business decisions. While the revolution started in the industrialised world, India is not far behind.
With a growing proportion of the population using digital platforms, and the government’s efforts in the recent past to digitise vast amounts of data for various programs, India has become one of the largest producers of Big Data in the world. The use of Big Data is also not new in India. The Indian Government has been using Big Data and data mining techniques for quite some time now.
The use of data mining techniques as a part of Project Insight, to identify tax evaders, and the use of geo-tagging to zero-in on shell companies, are excellent examples of India tapping in on the potential of the data revolution. Despite the progress in using Big Data in other sectors, the development sector in India is yet to benefit substantially from the Big Data revolution.