How Can You optimize the Use of Big Data in 2014?
4 Essential Tips
1. - Move Big Data Out of the IT Silo - This mistaken belief that big data is primarily an IT driven activity and it’s just the IT teams that are responsible for collating and evaluating digital transactional data should be done away with.
2. - Focus on Separating Dirty and Clean Data - Businesses need to start separating the wheat from the chaff and understand that not all data is useful. It’s important to understand that actionable business intelligence doesn’t automatically follow big data; it’s the extraction and analysis of the right data that helps you capture real business value with big data.
3. - Predictive Analytics and Big Data - Big data and mastering it for business growth is all well and good, but how well do you really understand your own product/s and its customers. The ideal way of making use of big data for predictive analysis is to zero in on the business process that you believe will deliver high ROI, if optimized. Once this is done, work out the data sets that are relevant to the process and start extracting relevant data points to convert into insightful information.
4. - Skill Development - With organizations struggling to hire the right kind of big data specialists, it’s imperative that a large part of your business’s big data activities in 2014 focus on hiring the right people, and putting in place an ongoing training and development program that will help improve your employee skill sets, which in turn will allow you to optimize the use of big data.
Read the full article at: http://www.cloudave.com/34014/optimizing-use-big-data-2014-4-essential-tips/
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
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