“The promised land of new data-driven businesses, greater transparency into how operations actually work, better predictions, and faster testing is alluring indeed.”
by Stefan Biesdorf, David Court, and Paul Willmott in their article “Big Data: What’s your plan?”
Like it or not, the information age is changing the way we do business and our reliance on e-everything. But it also means that there is more electronic noise cluttering up your network, browsing, email, social media, etc. How do you filter and distil all that information down to only the important items?
More businesses are developing Data Analytics Plans and big data tools in particular to try to identify opportunities to deliver to against their business’s goals. The link above provides a template for data plans.
OSS databases are ripe for combining with additional data sources to unlock previously unidentified connections