The ability to harness and store large volumes of data to enable future services and add extensions to current services to improve can only be achieved with big data.
Author: admin (Infratructure Today)
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Big Data Deployment is a Critical Infrastructure Component
Big data will be the thread that binds together all the diverse elements deployed in a smart city. It would be inconceivable to have any kind of meaningful smart city application layer without leveraging on big data. The Internet of Things (IoT) layer of big data sensors will generate an avalanche of data.
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Sophisticated Software Solutions Do not Necessarily Reduce Cost
The role of big data during project implementation is different from that of project operations. The implementation phase typically consists of planning, design and construction.
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Smart Cities Will Emerge as Major Big Data Hubs
Most large-scale infrastructure projects today are increasingly going the public-private-partnership (PPP) way. Technology and governance are key enablers in shaping the way forward for PPPs, while data-driven outcomes are critical because these projects need to generate value-for-money, be innovative and attain operational efficiency in a defined time frame.
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Structuring and Framing Big Data Sets Require Devoted Machine Learning
Right now, there is a proliferation of big data that can be used for a myriad of purposes. Unfortunately, without a structure in which to organise big data, its full potential can often be overlooked.
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Leverage Big Data to Analyse Historical Patterns
Technological advances are now revolutionising development, construction, maintenance and day-to-day operations of projects.
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Big Data Analytics Is a Multi-fold Opportunity
The first step in video analytics is to train artificial intelligence (AI). This requires AI to go through thousands of hours of video to 'learn' what different objects, such as people, cars, license plates and trucks are. Initially, a human must help the AI by tagging different objects, but very quickly the AI can self-learn and educate itself at a rate that is orders of magnitude faster than what people can do.
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Mitigate payment-related risks to make infrastructure sustainable
I think in many sectors the policies are conducive. The most recent example is the Rewa Ultra Mega Solar Project, where IFC was the lead public-private-partnership (PPP) transaction advisor. We helped structure the bidding process to include a three-tiered payment security mechanism.
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We have allocated Rs.2,247 cr for Solapur Smart City Plan
We are working on many proposals which are unique in nature. Our main intention through smart city proposals is to encourage community gatherings similar to that of European nations.
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Clean up your act
On July 1, 2017 a new tax regime, in the works since over 15 years, designed as 'One Nation, One Tax', went live! Its impact on infrastructure will resolve future litigation in this area and although will mean higher tax, will also allow input tax credit in many categories.