/home/leansigm/public_html/components/com_easyblog/services

SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Big Data- Is it too big to reach?

Big data is a popular term used to describe the exponential growth of structured and unstructured data. Despite of such an understanding by business organizations, according to a survey, second annual analytic usage, trends, and future initiatives report, 75 percent of businesses have yet to reach big data production. However, just 12.6 percent of respondents said their company has completed several big data projects that are now in production. Drew Rockwell (Lavastorm CEO)said “It’s organizations that go the next level by removing complexities from the analytics process and empowering others in the organization, namely business analysts, who are going to be able to turn data insights into actionable business enhancements for long-term success.” According to another survey, one concern for executives who are experimenting with big data is a shortage of expertise in that field. With a lack of big data skills, organizations are reluctant to take the plunge since a clear ROI immediately available. Without being open to a little disruption, organizations will have a much more difficult time adapting to changing consumer mindsets. Businesses should conduct their own research and see what options best fit their needs. Read more at: 

 

http://www.pymnts.com/in-depth/2014/is-big-data-just-a-big-problem/#.U6KBPZS1Yn7

Rate this blog entry:
Data Analytics help Indian banks to improve custom...
Predictive analytics helps to pick up the winning ...

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, 20 April 2024
If you'd like to register, please fill in the username, password and name fields.

Sigma Connect

sigmaway forums

Forum

Raise a question

Access Now

sigmaway blogs

Blogs

Blog on cutting edge topics

Read More

sigmaway events

Events

Hangout with us

Learn More

sigmaway newsletter

Newsletter

Start your subscription

Signup Now

Sign up for our newsletter

Follow us