It’s never been easier to get started with big data. Infrastructure and hardware costs have decreased, while capabilities have increased. Accessible analytics platforms make processing large data sets easier than ever before. Solutions are becoming more modular, meaning companies can buy as they go for a phased introduction to analytics.
There are also many new technology players in this space, giving companies many options when it comes to making, buying, or outsourcing analytics technology. To top it off, new talent is closing the skills gap, improving the chances of success with any analytics initiative.
But before you can truly create value with big data analytics, you have to understand what it is.
Gaining momentum with big data requires a focus on the three T’s, which are the hallmarks of companies that are successful with big data initiatives. To maximize the results of any big data initiative, organizations need to: