SME Advisor Issue 117

Page 22

fast four

Big Data is the large collection of data within your company that is a source of meaningful insights – which ultimately drives business growth and increases revenues. Of course, it goes without saying that these enormous data sets require careful attention and effective management to prove useful.

What is Big Data?

We present to you a compelling new section that explores four different, practical views on one topical SME issue. This month SME Advisor scoured through multiple sources of information and found four excerpts that summarise everything you need to know about Big Data… Top tips to consider: • Get some help. Don’t be averse to hiring an expert as a consultant. Be sure that they know their “stuff” and ensure that they are capable of mentoring people in your organisation. • Get training. Take classes, buy and read books, do research on the Internet, ask questions, and attend a conference or two. • Experiment. Plan to fail. Fast failure is becoming de rigueur for contemporary technology-driven organisations. The best lessons learned often come from failures. • Set proper expectations. In the business world, properly set expectations can mean the difference between success and failure. Big data offers huge potential to your business only if you accurately represent the value, costs, and time to implement. • Be holistic. Try to look at all the dimensions. If the project is delivered on time and on budget, but the end users weren’t trained or ready to use it, the project may fall into failure. Source: http://www.dummies.com/how-to/content/how-to-create-abig-data-implementation-road-map.html

One topic

Implemen tation of Big Data

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