Release The Asset That Data Brings To Your Business
Many large businesses that adopted web based technology have realised many benefits but a vast number remain unfulfilled due to ignoring the data requirements. In business circles there are growing discussions on Big Data, but what does this mean. In essence, if you run any application that manages workflow and business process, for example, Sales Ordering or Purchasing environments then you have a massive asset that is currently uptapped. This is the Big Data problem.
There is a growth in technology providers running awareness sessions on Big Data, but most are looking at the short term and viewing any engagements as a revenue stream, yet few are looking at how to collaborate and aggregate data.
The key is to liberate the data but to liberate it effectively. There are grand terms like Taxonomy, Ontology, Standardisation and Normalisation that will be banded around and although you'd hope that the aim of providers is not to confuse the market you can rest assured that the market will.