demonetization & data analytics – a heady cocktail served
TRANSCRIPT
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Demonetization in India with the help of technology support in place, makes the change over feasibleThe Income Tax department needs to identify the defaulters by making sense of their financial activities in the recent months
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Big Data & Analytics For the TaxmanLet the Party Begin….
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Big Data & Analytics Established & Everywhere• Sales & Marketing• Travel Industry• Healthcare• Research• Retail• Education • Hospitality• Transportation
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A New Year’s Eve Date BI Big Data & the Government
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Interpreting the DefaultersA Big Challenge• Demonetization a fruitless exercise without a
comprehensive platform to analyze and interpret data
• The lengthy processes in generating information from the data collected could become threatening bottle necks
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Making Sense of the Big DataThe data captured throughout this vast country, harnessed by Big Data & Analytics makes this a story worth telling…..
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VolumeWith the large volumes of data of banks, land & property deals, tax the amount to be analyzed is massive…..
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Variety
Data sources like spreadsheets, databases, emails, devices, PDFs, and more poses challenges for storage….
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Velocity
The real-time insight into these huge data sets is achieved by BI…..
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Veracity
The deviation in data that is being stored and mined is very significant….
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Validity
Appropriate storage and processing defines the validity of Big data and BI solutions….
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Good Governance Powered with TechnologyTechnologies ensure continual improvements in the governing experiences as well as citizen experiences.
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