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Big Data
in 
Business Innovation
Rajendra Akerkar
Vestlandsforsking, Norway
R. Akerkar

2
Big data value
• Total 
coverage

Volume

R. Akerkar

Velocity
• Real‐time 
insights

• Self‐
reinforcing 

diversity

Variety

3
Big Data to Insight

R. Akerkar

4
Data can turn into 
valuable input
• Data-to-Information is the main source of big data value
for business models where information is the core source
of value.
o The data is “mined” for valuable information and the value is created the
moment the search succeeds.

• Data-to-Product/Process effect occurs when insights
from data analysis need to be implemented in the
physical world to bring value to an enterprise.
• Data-to-Management steadily brings data based
information into a company’s decision making process
R. Akerkar

5
Open data

R. Akerkar

6
Data‐driven
management

R. Akerkar

7
DATA

Large volume of deep,
longitudinal data covering a 
diverse population.
Large public investments
in genomics, biobanks
and integration of
disease registries.

INSIGHT

Deep research
Expertise.
Specialised health
data analytics 
centres.

VALUE

R. Akerkar

Large scale trials for diverse populations
Models for commissioning
Early stratification
Pharmacovigilance

8

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