Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    How Data Analytics Is Reshaping Patient Financing Decisions
    How Data Analytics Is Reshaping Patient Financing Decisions
    13 Min Read
    business using business intelligence
    How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
    9 Min Read
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Is Consulting Worth the Money?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Warehousing > Is Consulting Worth the Money?
Data Warehousing

Is Consulting Worth the Money?

paulbarsch
paulbarsch
4 Min Read
SHARE

For data warehouse implementations, many IT buyers offer their vendor a baseline budget and ask for the most hardware and software they can muster –sans the consulting. Perhaps the IT buyer has a mindset that either they can “do it themselves” a la home improvement stores, or that services really aren’t a necessary component of a data warehouse purchase. Let me relate a personal story to illustrate the fallacy of this approach.

For data warehouse implementations, many IT buyers offer their vendor a baseline budget and ask for the most hardware and software they can muster –sans the consulting. Perhaps the IT buyer has a mindset that either they can “do it themselves” a la home improvement stores, or that services really aren’t a necessary component of a data warehouse purchase. Let me relate a personal story to illustrate the fallacy of this approach.

A month ago, my watch band snapped and I had a choice to either replace or repair it. Walking into a jewelry store, the manager behind the counter mentioned that $40 bands were available for replacement, or he could fix it for $12. Naturally, I took the lesser amount and waited for my watch repair.

More Read

Analytics Overkill: Dashboards, Analysis and Big Data in the US Election
So You Think You’re Ready for a Data Warehouse Appliance, Part 2
Know Me and Be Relevant: What I learned from Disney’s Keynote at NCDM
Business Intelligence @ 2K8
Mergers and value

Editor’s note: Paul Barsch is an employee of Teradata, a sponsor of The Smart Data Collective.

In no more than three minutes, the manager had my watchband repaired. “That’ll be $12 please,” he said. My initial reaction was that I was an easy “mark” in a very simple scheme of charging too much for too little; after all $12 for three minutes sounded pretty ridiculous.  That is, until realized that I didn’t have the knowledge, tools, or parts to repair my watchband.  To repair the watch correctly and save $28, I had to rely on the expertise and knowledge of a jeweler.

This personal story reminds me of a video clip on artist Paula Scher.  In the video, Ms. Scher discusses how she came to design the Citi logo when Citi and Travelers merged in 1999. Within minutes, Ms. Scher quickly sketched out the new logo (on a napkin) and completed the project in record time. “It took me a few seconds to draw it (the new logo), but it took me 34 years to learn how to draw it in seconds,” she says. 

Beauty, simplicity, and the exact results the client wanted –all in minutes. And I’m guessing the price tag for logo design wasn’t $12. Clients ask Ms. Scher; ‘How can a logo be designed in a second?’ to which she responds, “Every experience, every movie, every thing of my life that’s in my head (goes into the process).”

A data warehouse implementation can easily be one of the more critical IT projects for any company. And to be clear, there are undoubtedly some organizations that really have “do it yourself” capabilities, but those cases are rare.

Warren Buffett once wisely said, “Risk comes from not knowing what you’re doing.” So then, that “unnecessary” data warehouse consulting can provide structure; design and execution know-how to get a data warehousing project completed on-time and on-budget. It’s the experience and knowledge of a consultant that can ultimately help reduce waste, provide less rework and potentially bring business results to an organization much faster than a do-it-yourself approach. 

TAGGED:risk managementservices
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

How Data Analytics Is Reshaping Patient Financing Decisions
How Data Analytics Is Reshaping Patient Financing Decisions
Analytics Big Data Exclusive
AI driven big data company
How AI-Driven Workflows Are Changing the Way Companies Think About Data Risk
Artificial Intelligence Data Management Exclusive Risk Management
ai product development
Why Businesses Outsource AI Product Development Companies
Exclusive News
banking tools
The Fintech and Banking Tools Global Entrepreneurs Rely On
Fintech Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

supply chain and big data
Big DataRisk ManagementWorkforce Data

How Big Data Is Shaking Up the Manufacturing Supply Chain

9 Min Read

Big Data’s impact on Human Resources

3 Min Read

The Softer Side of Risk Management Means Fewer Analytics

4 Min Read

Can Big Data Analytics Solve “Too Big to Fail” Banking Complexity?

4 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?