Drive Value from Big Data through Six Emerging Best Practices

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Drive Value from Big Data through Six Emerging Best Practices

Organizations have increasingly adopted and invested in big data technology, and have resolved to exploit ways on how to benefit from this emerging technology. Therefore, they must identify efficient service providers, vendors and appropriate technology that suit them. Thus, organizations should address the main aspects of adopting big data, which are people, process, and technology in order to reap maximum benefits from the initiative. The transition process proves difficult for most organizations, and Gartner has devised six practices that will help them overcome the hurdles.

Firstly, organizations need to assess the strategy to adopt and research on innovation opportunities outside the business. They also need to consider the required skills and approach during implementation of the big data technology. The organization should also make managerial and operational decisions feasible using the technology. In addition, the choices made should be based on low-cost technology and available skills as the organization shifts gear to the new technology. It is also essential that the organization integrate the new technology with existing systems for enhanced efficiency. Finally, the organization should also invest immensely in security and information governance because they form an integral part of the technology after the main issues of big data, which are variety, volume, and velocity.

Organizations can benefit from big data technology via various ways. They can integrate operation technology with big data technology to bolster performance and analysis. Organizations can also make use of the technology to prevent crimes such as fraud and combat security threats. In addition, organizations can also take advantage of the database management and warehousing to upgrade their information and analytics management by adopting new trends in technology such as Nexus of Forces. Thus, they should consider adding big data technology to their warehouse and integration infrastructure.