Data is becoming the world’s new natural resource, and the new basis of competitive advantage. The emergence of Big Data is the phenomenon of our time and it’s fueled by the proliferation of devices, the rise of social media, and the infusion of technology into all things and processes. Speed of insight and action, enabled by data, has increasingly become a competitive differentiator. For example, it’s over 5x more likely that the top performers in your industry use Analytics to drive their decision-making process.
With data playing such a critical role in our decision making, why are still 1 in 2 business leaders saying they don’t have access to the information they need to do their jobs?
Because data is now more complex, and the traditional and manual methods we used of discovering, governing and analyzing information are no longer feasible in today’s world.
What’s causing this data gap can be defined by a set of characteristics used to describe the challenges with Big Data referred to as the four Vs: Volume, Variety, Velocity, and Veracity.
Take this assessment to see how prepared your organization is to handle the challenges of the four Vs with Big Data.
Competing Priorities among stakeholders and without an overall plan on how the business can become data driven, organizations are at a standstill as to which initiative would yield the best return on investment given the plethora of data they need to analyze. This results in business as usual if decision makers are unable to come to an agreement.
Competing Priorities among stakeholders and without an overall plan on how the business can become data driven, organizations are at a standstill as to which initiative would yield the best return on investment given the plethora of data they need to analyze. This results in business as usual if decision makers are unable to come to an agreement.
Lack of technical skillset, resources, and the acumen to be able to implement big data and analytics projects. IT and Lines of Business’ are already burdened, and lack the time to focus on analytics. Even if they have the time, they often lack the concepts, tools and skillsets. All the Marketecture out there is creating confusion, and presenting too many options which slow down the investigation and execution process and often result in the wrong solution being selected for the job.
Lack of technical skillset, resources, and the acumen to be able to implement big data and analytics projects. IT and Lines of Business’ are already burdened, and lack the time to focus on analytics. Even if they have the time, they often lack the concepts, tools and skillsets. All the Marketecture out there is creating confusion, and presenting too many options which slow down the investigation and execution process and often result in the wrong solution being selected for the job.
Use Case Definition to Discover, validate, and prioritize Analytics & Big Data use cases given the business outcomes you wish to achieve.
Use Case Definition to Discover, validate, and prioritize Analytics & Big Data use cases given the business outcomes you wish to achieve.
A solid Strategy to be in tune with what the business wants to achieve. By identifying business pains, and the Desired State, we can begin to formulate a plan to close the gaps.
A solid Strategy to be in tune with what the business wants to achieve. By identifying business pains, and the Desired State, we can begin to formulate a plan to close the gaps.
Jointly creating and agreeing on a Roadmap – Develop prioritized use case(s) based on value potential and ability to execute. This really gets all the lines of business on the same page and puts a stake in the sand on what initiatives to move forward with.
Jointly creating and agreeing on a Roadmap – Develop prioritized use case(s) based on value potential and ability to execute. This really gets all the lines of business on the same page and puts a stake in the sand on what initiatives to move forward with.
Architectural review with Subject Matter Experts, to validate the strategy, and provide the business with the proof they need to move forward.
Architectural review with Subject Matter Experts, to validate the strategy, and provide the business with the proof they need to move forward.
