Big data in Vietnam: the untapped treasure


Big data in Vietnam: the untapped treasure

June 7, 2020
Name: 阮氏蘭香
Student ID : D0458704
Reference: https://disruptivetechasean.com/big_news/big-data-in-vietnam-the-untapped-treasure/


Enormous data is waiting to be turned into gold in Vietnam.

Telecommunications, banking, finance and e-commerce are known to possess enormous data and so have huge potential for growth, according to data experts at the event.

Vietnam has seen some positive signals from leading telecommunications companies like Viettel, Mobifone and VNPT as they have established specialized divisions to exploit data, said Luu Danh Anh Vu, Country Director of Cloud Computing, IBM Vietnam. However, they still have a lot to catch up with the world.

More than half of the country’s 90 million people are connected to the internet. Hence, “Vietnam is one of the most promising big data markets in Asia,” Rigby added.

However, Vietnamese firms are still somehow lost and have only made baby steps towards understanding big data.

The most important thing Vietnamese companies should do now is to incorporate data analytics into everyday operations, Amjad Zaim, one of the world’s top data scientists suggested. Most big companies all over the world are soaked in data. Therefore, fostering data analytics and finding the most suitable tool to analyze data should be their top priority.

However, before Vietnamese companies can start benefiting from big data, Vu suggested they should digitalize it first.

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