Managing Investments and Monetization of Data | Making Big Data Work for Your Business

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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

Customer Reviews

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Understanding and capturing your Big Data costs

Big Data does not necessarily mean big costs; in fact, it is the other way around. Leveraging Big Data reduces your costs significantly in two major areas—storage and processing. In the other areas, the differences are less substantial. Before we develop a comprehensive framework to capture the total cost of Big Data initiatives in your organization, let's start with a simpler discussion around the various spend categories in Big Data:

Procurement of or instrumentation for data collection (can be substantial on a case-by-case basis)
Hardware investments or rental costs for storage and processing of data (usually much less when compared to traditional technology approach)
Software licenses to build and run your environment (a lot of which is available freely)
People-related costs for those engaged in analytics, development, and maintenance of the ecosystem (usually, a small number of very specialized resources)
Physical infrastructure and general...

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83

Tech Concepts

36

Programming languages

73

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