Book Image

Making Big Data Work for Your Business

By : Sudhi Ranjan Sinha
Book Image

Making Big Data Work for Your Business

By: Sudhi Ranjan Sinha

Overview of this book

Table of Contents (15 chapters)
Making Big Data Work for Your Business
About the Author
About the Reviewers

Assessing your Gold Coin project

Next you need to develop a simple assessment framework. First, you should start with the key objective or expected outcome from the Gold Coin idea and then answer the following questions:

  • Do we need to process millions of records or terabytes of data to achieve the project objectives? (Volume)

  • Do we have data coming constantly at very frequent intervals, say less than every 15 minutes? (Velocity)

  • Do we have data from multiple sources that have some common elements but look very different and are not easy to normalize? (Variety)

  • Are there intermittent trust issues with some of the data that come in? (Veracity)

  • Is there a dire need to get creative with visually representing the data for business users and customers to understand intuitively? (Visualization)

  • Will we be able to get such data in future if we want to repeat this project for this part of the business and other similar parts of the business? (Viability)

  • Do we have tangible benefits for our business? (Tangible...