Underscoring the company’s ongoing commitment to advancing innovation in the sourcing industry and beyond, Panjiva, the B2B platform powering the business of global trade, co-founder and CTO James Psota has led a discussion on Big Data technology at the Big Data Conference during the MIT-CHIEF event. As one of the region’s leading technologists adept at leveraging data mining to make Big Data useful, Psota provided his expertise to the panel “Big Data Applications and Business Use Cases.”
The panel focused on the applications of Big Data to various industry verticals, including how to spot and assess opportunities of monetizing from data, best practices and pitfalls. Psota specifically spoke about his experience applying Big Data to the global trade and sourcing industry in co-founding and growing Panjiva. Psota uses Global Search, a global trade search engine developed under Psota’s lead that crawls, indexes and organizes millions of data points to intelligently present information on more than 35 million unique products and 6 million companies worldwide, as a real-world example.
Hosted with the New England Chinese Information and Networking Association (NECINA), the Big Data Conference was part of the MIT-China Innovation and Entrepreneurship Forum (MIT-CHIEF) conference, a two-day event which includes keynotes and panel discussions on technology, innovation and entrepreneurship as well as an exciting “Pitch to China” business plan contest.
Big Data has become one of the most important technology trends driving business growth and innovation. According to the MassTLC Big Data report, Boston alone now features nearly 100 companies engaged in Big Data technology, of which Panjiva is a leader.
Source: Panjiva Press Release