In this chapter, we discussed the critical implications of having a robust change management plan for your Big Data initiatives because of the significant changes Big Data brings and the deep impact it creates on the business. The key changes we talked about are:
How even without understanding the underlying reasons, it is now possible to predict outcomes by correlating data
We do not need exact data to be able to predict future possibilities
You can infer outcomes by looking at large volume of data, incidence of past events, and simulation of future scenarios
You can analyze all kinds of data from all different sources at the same time without any inhibitions
You do not have to be worried about normalizing data, that is, trying to define and interpret different types and sources of data from a common platform
You have a very powerful asset in raw data
You need deeper thinking about the risks and ethical issues with this massive data proliferation
We also understood that in most Big Data...