Posted in

Four Key Ways To Turn Big Data Into Big Dollars – Infographic

by Dr Mark van Rijmenam•
Intel Data Center GPU codenamed Crescent Island architectural slide showcasing Xe3P AI optimized GPU IP, up to 480GB LPDDR5x memory capacity, and a 350W air-cooled PCIe form factor.
Intel’s Crescent Island GPU targets AI inference economics by prioritizing massive LPDDR5x memory capacity over costly HBM architectures within a practical 350W air-cooled design.

Big Data offers organizations a lot of possibilities to make a lot more money. Knowing what data to use, how to combine different datasets and how to analyse all that data for new insights can be extremely valuable for organisations. In a blog post, Bill Schmarzo, described to four M’s as counterpart of the common 3V’s, or 7V’s as I like to describe Big Data. The four M’s mean ‘Make Me More Money’ and are all about how organisations can make more money using Big Data.

Big Data can help to drive business objectives by looking at different value creation processes within the organisation. This can help to optimize different proceses resulting in better insights and better decision-making. In addition, according to Schmarzo, Big Data can be monetized by repackaging data and selling it to partners or use the insights derived from that data to create smarter products resulting in better end-user experiences.
Four Key Ways To Turn Big Data Into Big Dollars - Infographic

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.