Data is the new oil, especially for telcos

Hafizah Osman | Dec. 12, 2016 Organisations must extract valuable data to gain greater business intelligence. Data is the new oil but without the sort of refineries to turn it into more useful products, it remains useless for organisations in Australia. That’s where data science comes into the picture, converting information into intelligence, according to DataSpark chief operating officer, Shaowei Ying. As a subsidiary of the Singtel Group, which also owns Optus, Ying said in the geospatial era that’s unfolding, data mining is fast becoming an “essential” part of the industry, especially in the telecommunications space. “We want to play in this field – it is an area that makes sense for us,” Ying said. “We have a role to play in this geospatial data. “Telco data is very rich…

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