Doubling down on digital transformation: Big Data

Doubling down on digital transformation: Big Data, strategy and the IoT

Doubling down on digital transformation: Big Data, strategy and the IoT

More popular than a Kardashian (maybe) is the industry buzz at every tech conference you and I have attended the past few years discussing Big Data, the IoT, and what it means to our future and our business bottom line. Already drowning in loads of data stored in warehouses, it’s the dark and unstructured data causing involuntary salivation as we are irresistibly drawn in by its potential, but not entirely sure how to eat this strange and wonderful fruit.

Old dog and new tricks

The Internet of Things, (IoT) isn’t new at all, but rather is the popular topic du jour, which sounds far sexier than Big Data, and proves that, truly, size doesn’t matter. If you’ve been alive long enough to avoid being carded, you already know we’ve had sensors and connected devices for several decades. What is fresh, however, is the mind-blowing pace of supercomputing, which is enabling us to make sense of the data we have been collecting, and apply it in a useful way (always succulent to a geeky, linear, analytical mind.)

Read Also:
Data is money: stand by for the Gold Rush

What to do about something

Enter the doors of buzzword heaven and greet digital transformation. This is the new game in town, and it requires a letting go of attachment to things as they were. Let’s call it business enlightenment. It’s the letting go of established barriers between me and thee, a.k.a. silos, and allowing others to share our space (other industries, other departments). The IoT has facilitated crossover between previous industry and internal department silos. The new earth for digital transformation favors collaboration versus compartmentalization.

What’s leverage got to do with it?

To be digitally transformative, it’s imperative to know how to leverage technology.  However, like drilling down for hydrocarbons, if you don’t know where to focus your bet, you’re going to lose. Many companies are still looking at the IoT and Big Data to show them the way like a shaman lighting the path…the only problem is, without knowing what you’re looking for, you’ll chase the next new shiny object and never catch anything. Ask the right questions and know what you want from the data, and the answers will come.  Without a clear question, how will you recognize the answer? Remedy: lead with strategy. Tim Crawford, CIO Strategic Advisor at AVOA says, “For IoT, technology is the leverage that enables strategy. At the end of the day, IoT is just technology. Significant technology, but still just technology. It is how you use it to enable your strategy that will separate leaders from followers.”

Read Also:
How to bring ‘intelligence’ to data handling

Leaders do not leave opportunities on the table.

 



Chief Analytics Officer Europe

25
Apr
2017
Chief Analytics Officer Europe

15% off with code 7WDCAO17

Read Also:
How Cloud Is Helping the Financial Sector to Become More Agile

Chief Analytics Officer Spring 2017

2
May
2017
Chief Analytics Officer Spring 2017

15% off with code MP15

Read Also:
Why You're Not Getting the ROI You Expected From Data Science

Big Data and Analytics for Healthcare Philadelphia

17
May
2017
Big Data and Analytics for Healthcare Philadelphia

$200 off with code DATA200

Read Also:
5 Questions Defining the State and Future of Digital Transformation

SMX London

23
May
2017
SMX London

10% off with code 7WDATASMX

Read Also:
Predictive Analytics in Higher Education

Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
10 tools and platforms for data preparation

Leave a Reply

Your email address will not be published. Required fields are marked *