There may be quite a lot of talk concerning the value of information being the brand new gold. Many firms are due to this fact pouring large sums of cash into becoming data-driven. It’s sold as a very latest way of doing business, almost as if business has never been driven by data before.
Sure, many firms struggle with being fully data-driven, but I believe the larger issue is, that it’s by no means sufficient.
All of us seek to extract something magical from the info. That‘s why we collect data in big data lakes, data warehouses and all the opposite big data collections which have not yet received a catchy marketing label. I consider all of us fall into the trap of wanting to unearth a treasure trove of information. We someway can‘t escape the considering that these massive data collections are the inspiration of some analytical superpower that can ultimately propel our businesses to latest heights.
Data technology and data engineering teams are then often seen because the decisive think about converting data into business advantages. While technology and engineering are undeniably essential, it takes a more holistic approach to really transform a business right into a digital powerhouse.
In this text I’ll approach the matter from the business side and explain why…
