This article is sponsored by ClearStory Data. In the fast-moving world of today, data is being created at lightning speed. Data comes from an infinite variety of sources, and all this data can be used to discover valuable business insights. Combining internal and external data can enable organisations to beat the competition, as the analysis will provide valuable insights. The … [Read more...] about How To Become A Data-Driven Information-Centric Company
Strategy
Learn everything about data strategy, what it should include in order to be successful, and how you can develop a data-driven business strategy for your business.
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Three Steps for Building a Big Data Dream Team
In the ever-changing technology environment that we currently live in, it can be easy to get bogged down, both on the personal level and business level, trying to figure out how you can best implement the latest releases. Whether its a new phone or tablet or new Big Data software, its easy to get stuck. For a company to succeed its got to figure out how it can leverage its … [Read more...] about Three Steps for Building a Big Data Dream Team
What Could Watson Do For Your Organisation?
Watson, the artificially intelligent supercomputer developed by IBM, is helping companies uncover their Big Data secrets. With the launch of Watson Analytics tool, businesses from around the world can now leverage the technology that enabled IBM to win Jeopardy. Recently they launched a set of cloud based analytics tools that use Watsons artificial intelligence … [Read more...] about What Could Watson Do For Your Organisation?
Controlling the Control Room; Centralized and Remote Access
To many people, the image conjured up when you say control room is one of multiple TV monitors, and audio control boards, and producers and directors scurrying around as they broadcast a football game. To a smaller subset, control room may connote a network operations center. Regardless of the size of the control room, or the company, there are several things that firms … [Read more...] about Controlling the Control Room; Centralized and Remote Access
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What is data strategy?
Data strategy, also called analytics strategy or business data strategy, is the organizing principle for an enterprise’s investments in data and data-related technologies. Data strategy provides a framework for thinking through the complex trade-offs in managing data as an enterprise resource.
It helps business leaders make decisions about where to focus their data investments and how to maximize the value of those investments. Want to learn more about data strategy? Datafloq has courses available. Contact us to get started.
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How does data strategy work?
Data strategy starts with a clear understanding of an organization’s business goals. From there, it defines the role that data will play in achieving those goals and outlines a plan for how to get the most value from data. Data strategy is an essential part of any organization’s overall data business strategy.
When done well, it can help organizations make better use of their data and gain a competitive edge. But when executed poorly, it can lead to wasted resources and missed opportunities. Data strategy is not a one-time exercise; it should be revisited regularly as an organization’s business goals and needs evolve.
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What are the four big data strategies?
Big data can be a big help when it comes to making decisions for your business. But how do you make sense of all the data out there? One way is to use the four big data strategies:
- Performance management — Helps you track and improve your business’s performance.
- Data exploration — Helps you understand your data and find hidden patterns.
- Social analytics — Helps you analyze data to understand customer behavior.
- Decision science — Helps you use data to make better decisions.
These strategies can help you get the most out of your data and make better decisions for your business.
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What should a data strategy include?
A data strategy should be designed to help an organization achieve its business goals. It should be aligned with the organization’s overall data business strategy to be effective, considering its unique needs, such as its size, industry, and geographic location.
The data strategy should also define the roles and responsibilities of those responsible for managing the data. Finally, the data strategy should identify the tools and technologies that will be used to collect, store, and analyze the data. By considering these factors, an organization can develop a data strategy to help it meet its business goals.
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What is a big data strategy, and why should companies have the strategy in place?
Big data refers to a large number of data companies have access to. It can come from various sources, including social media, transaction records, and sensors. The challenge for companies is to make sense of this data and use it to improve their business.
A big data strategy helps companies to set goals and priorities for dealing with big data. It also helps them to invest in the right technologies and build the necessary expertise. Companies will struggle to get the most out of their data assets without a big data strategy. They will also be at a competitive disadvantage compared to those companies that have invested in big data.
