We are all in the midst of this
onslaught of information overload in many ways. We create it, transfer it and
heartily participate in it. To get a grasp of the actual reality facing
businesses of all sizes, one needs to understand the scenario. According to IDC1,
“The big data and analytics market will reach $125 billion worldwide in 2015”
Further on, IDC also predicts, “Clearly IoT
(Internet of Things) analytics will be hot, with a five-year CAGR of 30%.”
Data is created from all the
posts made every second globally on social media, the humongous chatter,
digital photo sharing, video uploads, online transactions, all the cell phone
signals etc. are all forms of data being generated leading to a massive
information overload across servers and of course the cloud platforms. All this
digitization has led to a severe business challenge-so much big data-but how to
make sense of all this? How does one use it for any kind of business related
decision or direction? The following are some tips to help business make some
sense from all this data right within their ambit.
1-Break it down
Big data remains big unless methods are employed to break it
into tiny usable groups of information. Eliminating, cross referencing and
grouping is the first step to sort out various disparate data bytes.
2-Deduplication
There will always be the challenge of similar data springing
up and being stored. Deduplication works as a primary point of ensuring that
there is a reduction in the same data coming up for analysis.
3-Technology and its role
The role of specific technology cannot be ignored when it
comes to ensuring that all this big data is streamlined stored safely and
processed using the latest available techniques.
4-Do not discard anything
Even the smallest and seemingly insignificant amount of
information may be relevant and hold key insights.
5-Best practices for data analysis
The ecosystem revolving around the actual analysis of this
big data needs to evolve into a more standardized format that can be used
across flexible structures leading to quicker outputs, better results and
arriving at useful insights.
6-Having the right talent
This
is one of the most integral aspects one needs to have when it comes to actually
making sense of all this data lying around across organizations. This is where
trained and certified big data analysts come
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