new york indian business and technology opportunities organized a successful meeting of academics professionals entrepreneurs and potential investors in big data and analytics at a recent meeting in new york city with predictions of 125 billion worldwide market for big data and analytics the indian american entrepreneurs is strategically well placed to take a share of this market because of the large number of the community involved in maths and statistics computer software development and other associated technologies such as data generation through internet of things the discussion forum was put together and moderated by dr thomas abraham gopio founder and president of innovative research and products the indianamerican community has a unique advantage because of our professional involved in applied sciences engineering it and analytics and we need to poll our resources to make advancement in this field said dr abraham the program started with an overview on big data and analytics opportunities in the usindia context by dr abraham phillips analytics consultant saber cloud solutions and adjunct professor rider university nj big data is bigger than oil it is the new wealth said dr phillips prof wullianallur rp raghupathi fordham university and sudsun consulting new york spoke on big data technology innovation transfer big data in healthcare the healthcare industry historically has generated large amounts of data driven by record keeping compliance regulatory requirements and patient care big data analytics in healthcare is evolving into a promising field for providing insight from very large data sets and improving outcomes while reducing costs its potential is great however there remain challenges to overcome prof raghupathi said let the data speak for itself terrence moduthagam director programmatic strategy starcom mediavest group a division of publicis groupe new york spoke on big data for marketing advertising and other emerging applications according to moduthagam the discussion forum explored new fields and opportunities in smart application of big data leveraging the communitys background and experience will help to surface further and even more disruptive ideas the possibilities are limitless said moduthagam prashant prabhala vicepresident markets and technology bny mellon new york spoke on big data and realtime analytics in financial industry prabhala said big data holds incredible potential and possibilities to help in a broad array of usecases dr nethra sambamoorthi lead faculty member for the masters in predictive analytics program northwestern university chicago il spoke on innovations training industry collaborations and investments in the age of big data and internet of things in india alone we need to provide quality training for 250000 data scientists in the next five years to serve india and to fulfill indias aspirations to serve the world said dr sambamoorthi all speakers indicated the shortage of people in big data analytics in the us and india and said that if more people are trained in india there are ample opportunities for them in india as well as in the us in this regard dr sambamoorthi has started institute of analytics usa in new jersey