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Big data nears boom in Philippines: research firm

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ABS-CBN News

<figure class="op-interactive"><iframe allowfullscreen="" frameBorder="0" height="315" src="https://www.youtube.com/embed/FJG5X86vCRQ?enablejsapi=1" width="560"></iframe></figure>MANILA - The Philippines is nearing a big data &quot;boom&quot; as more companies look to data analytics, with telecommunication companies and banks leading the way, according to a market research firm.Big data entails analysis of online information to reveal patterns and trends in human behavior which can be useful for companies.&quot;We are at the cusp of big data boom, but behind others that use it for transforming government, urban planning,&quot; Cobena Business Analytics and Strategy president Francis Del Val told ANC&#x27;s Early Edition.&quot;This will work in the Philippines because we are among most connected countries, therefore we generate a lot of data on mobile phones on the Internet, so it&#x27;s really about harnessing all these data and being able to put it to good use,&quot; Del Val added.Data privacy and safety, however, remains a concern for consumers, he said.

The Philippines is nearing a big data "boom" as more companies look to data analytics, with telecommunication companies and banks leading the way, according to a market research firm.

The Philippines is nearing a big data "boom" as more companies look to data analytics, with telecommunication companies and banks leading the way, according to a market research firm.