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Making Big Data Work for Your Business

Making Big Data Work for Your Business

By : Sudhi Ranjan Sinha
4.8 (19)
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Making Big Data Work for Your Business

Making Big Data Work for Your Business

4.8 (19)
By: Sudhi Ranjan Sinha

Overview of this book

Bridge the gap between data and decision. Big Data has brought about a revolution in the way we do business. Essential business decisions can today be informed by the wealth of data now at our disposal. However, while Big Data may appear to be the answer to every business problem, for many, gaining real value from data – gaining business insights is a difficult task. Big Data, for many, is a big problem itself, with many struggling to reap the rewards that it promises. In this accessible and stimulating guide, Sudhi Sinha, management, technology and sustainability expert, provides a unique perspective on Big Data and how to derive maximum value from it – with sharp and careful analytics. “this is a perfect starter for any manager who wants to understand and explore Big Data… The Big Data field is evolving quickly, and this book serves as a quick and practical introduction to the field.” AnHai Doan, Professor, University of Wisconsin; Chief Scientist at WalmartLabs USA This insightful and engaging book demonstrates that Big Data, to be most effective, needs to be weaved within the fabric of organization strategy. Without it, you are simply left with numbers and statistics, lacking purpose – lacking potency. Beginning with the essential stage of building a strategy framework for you Big Data analytics project, and integrating it within your wider business strategy, Sudhi provides you with the knowledge and insight to help you build a big data strategy that gets results. Big data is one of the biggest buzzwords in the world of business today. And while it is true that it has opened up huge opportunities for businesses of all sizes, it is nevertheless difficult for many businesses to turn the reserves of numbers and statistics at their disposal into clear insights that can inform important business decisions. Beginning with the creation of a Big Data strategy and the identification of the key opportunities that it has the potential to unlock, the book will then demonstrate how to implement and manage your project with the best team and the right technology for your needs. Once this is in place you will then find out how to get the most from your Big Data insights, with effective organizational alignment and change management.
Table of Contents (15 chapters)
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Making Big Data Work for Your Business
Credits
Foreword
About the Author
Acknowledgments
About the Reviewers
Preface

Summary


In this chapter, you developed some perceptible opportunities around big data from some concepts and strategies discussed in the previous chapter. By now, you have:

  • Built a Data Catalog

  • Understood the concept of crafting business opportunities using big data analytics into Gold Coin projects

  • Identified your Gold Coins

  • Assessed and prioritized your Gold Coins

  • Created your Opportunity Catalog and started building your Gold Mine

You are now all set to get started and raring to go.

You can get started even if you have one Gold Coin. If you are part of a smaller organization, a start-up, or just getting initiated into big data, starting with one Gold Coin is a good idea. If you have more, select the top highest ranked ones and build project teams and plans around those. It is better not to start too many because there is valuable learning from each of the projects that will help you refine your future course of action. Initially, each Gold Coin project will need lot of time from you; you will...

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Making Big Data Work for Your Business
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