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
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Take a Little Bite Out of Big Data
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 Mining > Take a Little Bite Out of Big Data
Big DataData ManagementData Mining

Take a Little Bite Out of Big Data

maskin
maskin
5 Min Read
Take a Little Bite Out of Big Data
SHARE

Take a Little Bite Out of Big DataEasing Fears About Big Data Hype

So, everyone’s talking about Big Data. (And I mean everyone.) People want it, need it, think they need it, aren’t sure if they need it and, in some cases, already have it and aren’t sure what to do with it. Let’s break down Big Data and gain a little more perspective around the business of problem solving.

Contents
Easing Fears About Big Data HypeEasing Fears About Big Data Hype

Take a Little Bite Out of Big DataEasing Fears About Big Data Hype

So, everyone’s talking about Big Data. (And I mean everyone.) People want it, need it, think they need it, aren’t sure if they need it and, in some cases, already have it and aren’t sure what to do with it. Let’s break down Big Data and gain a little more perspective around the business of problem solving.

The problem you think you have: We have so much data and we’re losing money every day by not acting on that, while our competitors have surely figured out how to leverage their data using Big Data solutions.

The solution you think you need: Our IT department should start analyzing and reporting on Big Data.

More Read

cloud data storage
5 Reasons Why You Should Store Big Data In The Cloud
Using Semantic Analytics to Reduce Social Media Monitoring Blind Spots
Virtualization and Cloud Computing
How Hadoop Revolutionised IT
Marketers Leading the Charge to Unlock Value from Big Data

The problem you really have: You don’t know how to start looking at your data differently. Your IT department can tell you which data are available but not always which data are valuable. In other cases, you may know which data are valuable, but are not doing enough to capture them today.

The solution you really need: A “now data” solution instead of a “Big Data” solution. The fact is, most businesses do not have the IT resources required to implement a true Big Data solution. While there is high interest in capturing and using data, most companies are still stuck with legacy tools, disconnected solutions and no connection between operational plans and business reality.

Now Data Instead of Big Data

Find out what value you can get out of your systems and processes – right now – with the highest value proposition, in the shortest amount of time (30 days), and at the lowest cost.

Be agile like a startup and go for the quick hit. It’s like a jump-start: one to two days to implement, and 30 days to see results. Then lay the foundation for the immediate future. You might even “duct tape” the implementation of the quick hit—that’s all right! The low cost and low risk make it okay. And the “big” ROI?  You’ve gained new insights into your data that can now be used to start building your longer-term Big Data solution. It’s a win-win.

Check out these real-world examples of companies that took a little bite out of Big Data for even bigger results:

  • National Registered Agents, Inc. (NRAI) – Used existing databases to rank prospects by size and clustered them by geography, so their sales team could focus its efforts on the best targets. Read more >
  • The Association of Manufacturing Technology (AMT) – Converted a labor-intensive data capture process into a more time/cost efficient process that provided faster and more timely access to the data they were already collecting. Read more >

Planning for the ultimate Big Data solution can prove costly. Often, reports that are thought to be valuable (and thought to be automated) are done by hand behind the scenes and are extremely expensive. There are data solutions, whose foundations are in place right now that can be leveraged, improved and better implemented almost immediately. Don’t necessarily look for the largest value item, but instead look for the solution that provides the largest value for the lowest cost to develop and maintain. Then use that value created to offset the cost of (or to invest in) a bigger Big Data effort.

Remember, it’s not the technology you need to focus on first…it’s the business problem you’re trying to solve. Let that conversation drive your technology conversation—and your “small-medium-large” data technology solution.

The new shiny object (aka Big Data) does not invalidate all that has come before it. Look at what you have and really find out if you’re making the most of your data—no matter how much or how little you have.

Image Source

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Dispelling the Myths and Bringing BI to the Enterprise

8 Min Read
Image
AnalyticsBig DataBusiness IntelligenceCloud ComputingData QualityData VisualizationData WarehousingHadoopITMapReduceOpen SourceSocial DataSoftwareSQLUnstructured DataWorkforce Data

8 Features of a True Enterprise-Grade Platform for Hadoop and NoSQL

5 Min Read

Investing in Data Warehousing and Business Intelligence During Recessionary Times (Part 1 of 2)

9 Min Read

Thoughts on UseR! 2009

5 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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
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.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?