Can Small Businesses Benefit From Big Data Analytics?

Can Small Businesses Benefit From Big Data Analytics?

What every modern business needs in order to thrive is information. The kind of information that provides you with insight into how your customers think, how to create revenue, and what the best ways to manage your business are, is called big data. You may be asking yourself – can small businesses benefit from big data the same way that …

Data Quality Return on Investment: How It Saves You Money

Data Quality Return on Investment: How It Saves You Money

You know that data quality helps your data analysts perform their jobs better and can smooth the transfer of data across your organization. But data quality is crucial for another reason: It translates directly to cold, hard cash. Here’s how increase your data quality return on investment… When it comes to big data, you may think of expensive storage infrastructure …

Unlocking the Value of a Chief Data Officer

Unlocking the Value of a Chief Data Officer

The Big Data era has understandably spawned a great deal of hype within and beyond the technology community. Technologists and C suite executives alike share a growing interest in the concept of a Chief Data Officer (CDO) to help organizations take full advantage of the benefits of Big Data. As I approach my third anniversary as Schwab’s Global Data Officer …

The Case for the Data Management Maturity Model

The Case for the Data Management Maturity Model

The CMMI Institute announced its Data Management Maturity Model (DMM) back in 2014 to enable organizations to improve Data Management practices across their entire business. Some two-and-a-half years later, the technology-independent model continues to help organizations optimize their data assets is being successfully used by organizations across all industries to meet many Data Management objectives. Based on the foundational principles …

Why data scientists are vital for increasing customer loyalty

Why data scientists are vital for increasing customer loyalty

The importance of big data is increasing across all industries — as are the jobs required to tap into the insights within the data. So it’s no surprise that the McKinsey Global Instituterecently predicted that the US will see 4 million to 5 million new data analysis jobs by 2018. NB This is a viewpoint by Deren Baker, CEO of …

The Case for the Data Management Maturity Model

The Case for the Data Management Maturity Model

The CMMI Institute announced its Data Management Maturity Model (DMM) back in 2014 to enable organizations to improve Data Management practices across their entire business. Some two-and-a-half years later, the technology-independent model continues to help organizations optimize their data assets is being successfully used by organizations across all industries to meet many Data Management objectives. Based on the foundational principles …

Four ways insurance benefits from business intelligence

Four ways insurance benefits from business intelligence

Every day, businesses are discovering new ways to tap into the power and potential of big data. Due to access to unprecedented amounts of information on business performance and consumer behaviour, companies are now able to refine their products and services in limitless ways. The insurance industry provides a good example of data being leveraged to help make beneficial business …

Top 5 benefits of real-time business intelligence for utilities

Top 5 benefits of real-time business intelligence for utilities

Real-time business intelligence solutions are expected to be game changers for asset-intensive and field-force-driven enterprises, such as utilities. These solutions have become pervasive for enterprises to find value that had been “unseen” in the data before. Utilities deal with an enormous amount and increasingly diverse set of data coming in from various sources. However, somewhere in this data deluge lays …

How the IoT Helps Business with Regulatory Compliance

How the IoT Helps Business with Regulatory Compliance

Most stories that involve the Internet of Things and regulatory compliance are about regulating the IoT itself. But it’s worth focusing on how the IoT will help businesses, particularly smaller businesses, to demonstrate compliance with the mass of regulations that govern their operations—regulations that vary from jurisdiction to jurisdiction. Compliance costs are a significant expense for every business, requiring trained …

Legacy technology is biggest barrier to digital transformation

Legacy technology is biggest barrier to digital transformation

New research has revealed that legacy technology is the biggest barrier to digital transformation, while leadership and vision are large contributors to failed digital transformation projects   Today, Nimbus Ninety , the UK’s independent research community for disruptive business and technology leaders, have released their latest research into digital transformation in partnership with Ensono , a cloud solutions and Hybrid …