Data Liberation
Most businesses in today's world will be utilising Information Technology in some form or other, and the majority of businesses will be engaging with their customers or suppliers across the internet. In this digital age, the volume of information that is captured is growing at an exponential rate, and for those that have come across the term, this is the Big Data problem.
The problem only exists if you let it. Value to the business is undermined if you don't look at how to address the opportunity, liberate the information, transform the data and utilise the information as an effective business tool.
There are four key challenges you need to consider in order to have your business data converted to a key business asset.
- Size – business data comes in one size: LARGE and any organisation will soon be overrun with data.
- Speed – business data must be used as it is hits the business, enabling you to exploit it's full value.
- Source – business data extends beyond transactional and include unstructured data of all kinds: text, audio, video, web analytics, log files and more.
- Selection – business data is only an effective tool if you ensure you have the right data at the right time.
Big Data may be big news, but the problem is only there if you don't have an effective taxonomy in place to interpret the data into meaningful business intelligence. The challenges exist across the business and could be under a number of initiatives that include:
Get in touch today and we can help you realise key value for your business.