Big Data is fast becoming a number one priority for many businesses as they try to figure out what its impact will be and how to manage it. It is easy to understand why when you consider that 2.5 quintillion bytes of data are created every day, as estimated by IBM. And, 90 percent of all data was just created within the past two years. Big Data has many IT departments scrambling to keep up and put all of this information to good use.
The concern and confusion surrounding Big Data can be seen in the results of a recent survey of IT leaders:
27% have only a partial understanding of Big Data and 38% don't understand it at all
59% are unable to manage data from their IT systems and have to use separate systems or spreadsheets
33% lack the tools to manage Big Data at all
49% of organizations are somewhat or very concerned about managing Big Data
Sound familiar? If you are currently unable to manage Big Data effectively or are still unsure how to implement a Big Data strategy, you could be missing out on opportunities to grow your business and revenue. You too can reap the benefits that well-managed Big Data can offer if you have a plan that maximizes value and minimizes costs. Get started in the right direction by asking yourself these questions:
1. What tools are required to manage the data?
2. What tools can I manage without?
3. What is the best way to use these tools?
4. What will Big Data tools cost and what can I do to avoid paying too much?
5. Do we have current vendors that are able to help us with our Big Data needs?
Big Data offers many businesses big opportunity. Understanding how to use it effectively is the key to ensuring that all the information gathered is put to good use and not wasted.
The concern and confusion surrounding Big Data can be seen in the results of a recent survey of IT leaders:
27% have only a partial understanding of Big Data and 38% don't understand it at all
59% are unable to manage data from their IT systems and have to use separate systems or spreadsheets
33% lack the tools to manage Big Data at all
49% of organizations are somewhat or very concerned about managing Big Data
Sound familiar? If you are currently unable to manage Big Data effectively or are still unsure how to implement a Big Data strategy, you could be missing out on opportunities to grow your business and revenue. You too can reap the benefits that well-managed Big Data can offer if you have a plan that maximizes value and minimizes costs. Get started in the right direction by asking yourself these questions:
1. What tools are required to manage the data?
2. What tools can I manage without?
3. What is the best way to use these tools?
4. What will Big Data tools cost and what can I do to avoid paying too much?
5. Do we have current vendors that are able to help us with our Big Data needs?
Big Data offers many businesses big opportunity. Understanding how to use it effectively is the key to ensuring that all the information gathered is put to good use and not wasted.
About the Author:
Joseph B. Kappernick specializes in assting enterpres reduce operating expense. He recommends that you visit http://www.npifinancial.com to learn more about it cost management
