Creating an Opportunity Landscape and Collecting Your Gold Coins | Making Big Data Work for Your Business

Sign In Start Free Trial

Book Overview & Buying
Table Of Contents

Making Big Data Work for Your Business

By : Sudhi Ranjan Sinha

4.8 (19)

Making Big Data Work for Your Business

4.8 (19)

By: Sudhi Ranjan Sinha

Overview of this book

Making Big Data Work for Your Business

Making Big Data Work for Your Business

Credits

Credits

Foreword

Foreword

About the Author

About the Author

Acknowledgments

Acknowledgments

About the Reviewers

About the Reviewers

Preface

Preface

Free Chapter

Building Your Strategy Framework

Building Your Strategy Framework

Using Big Data analytics to identify where to play and how to win, to grow your business

Understanding the changing landscape

Identifying the strategic implications

Spotting and simulating growing influences

Integrating new possibilities into planning

Developing strategies

Aligning existing initiatives

Cascading your strategy

Summary

Creating an Opportunity Landscape and Collecting Your Gold Coins

Creating an Opportunity Landscape and Collecting Your Gold Coins

Building your Data Catalog

The Gold Coin approach

Assessing your Gold Coin project

Building your Gold Mine

Summary

Managing Your Big Data Projects Effectively

Managing Your Big Data Projects Effectively

Recognizing how Big Data Analytics projects are different

Defining unique success criteria

Creating an Explore, Validate, Amplify framework for Big Data Analytics projects

Establishing a governance model

Treating customer-facing applications differently

A comprehensive approach for building an organizational Big Data Analytics infrastructure

Summary

Building the Right Technology Landscape

Building the Right Technology Landscape

Designing Big Data storage

Identifying the different technology layers

Selecting from your technology choices

Creating a visualization of your Big Data

Understanding the difference between Enterprise Data Warehouse and Big Data

Summary

Building a Winning Team

Building a Winning Team

Understanding the distinctive skills you need

Defining the team and structure

Building an extended ecosystem

Improving team alignment and performance

Motivating your team towards progress

Summary

Managing Investments and Monetization of Data

Managing Investments and Monetization of Data

Understanding how data creates value

Capturing the value of data

Understanding and capturing your Big Data costs

Monetizing your Big Data

Managing your Big Data investments

Summary

Driving Change Effectively

Driving Change Effectively

Understanding changes caused by Big Data

Applying the IMMERSE framework to manage change

Creating stakeholder groups to drive change

Summary

Driving Communication Effectively

Driving Communication Effectively

Identifying your communication needs

Selecting your communication channels

Building your communication strategy

Building your communication plan

Engaging executives effectively

Monitoring and modulating your communication program

Summary

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...

CONTINUE READING

83

Tech Concepts

36

Programming languages

73

Tech Tools

Unlimited access to the largest independent learning library in tech of over 8,000 expert-authored tech books and videos.

Innovative learning tools, including AI book assistants, code context explainers, and text-to-speech.

50+ new titles added per month and exclusive early access to books as they are being written.

Making Big Data Work for Your Business

Search

Your notes and bookmarks