ALBUQUERQUE, N.M. — As terabytes of data flood into today’s hyper-connected world, analytics technology and services are emerging as a fast-growing market with lots of opportunities for New Mexico.
That’s the theme of the first Big Data and Analytics Summit to be held this Friday at Central New Mexico Community College’s Workforce Training Center in Albuquerque.
Serial entrepreneur Randy Krall, president of the newly-launched data analytics startup Telemetry Insight, is organizing the event.
“There’s an explosion of data and a growing need for analytics technology and services to make sense of it all and do things with it,” Krall said. “We’re talking terabytes versus gigabytes that’s led to the emergence of machine learning and artificial intelligence to make use of it.”
It’s the backbone of today’s automation revolution, which is changing the economy and the future of work, Krall said. That’s creating huge opportunities for data scientists, computer programmers, statisticians and more. And it’s paving the way for startups to set up shop in places like New Mexico.
“It’s similar to the software world,” Krall said. “You can do it anywhere.”
Many local entrepreneurs have already boarded that train with new, successful startups such as data analytics firm RS21 and Descartes Labs. The state’s national labs are also heavily involved, building and applying new technologies and techniques to harness and analyze mounds of data.
Some lab scientists will address the summit. That includes a presentation by Sandia National Laboratories on “explainable” machine learning, which aims to better understand the data connections and trends that computers decipher among mounds of information. Los Alamos National Laboratory will also discuss some of its projects, such as using biological aspects of the brain to help design a machine learning system.
Various startups, university researchers, entrepreneurs and more will talk about the latest technologies and emerging market opportunities. Open discussion and networking will help build connections and map out future events and steps for the industry, Krall said.
For more information or to register for the all-day conference, visit www.nmbdas.com.