The future is informed by the past
It has become one of the major challenges for business to analyze and visualize big data in providing useful insights for future planning.
Big data analysis requires new form of data integration technology to uncover large hidden values. Big data is generated from every conceivable area of business: from the operational and facilities management systems to every customer contact points including mobile and online media.
The explosion of data is not new in business. What has changed from the past is the growing need to transform all this data into knowledgeable and useful insights for accurate and timely decision making. Organizations need to rethink their data management approach and strategies to make important decisions about which data to use and how they can be used.
Most organizations have attempted to use the traditional data management practices on big data. However, this has only allowed them to learn that the old rules are no longer applicable for the ever increasing amount of data collected on a daily basis.
Investing in business intelligence and reporting tools are unavoidable steps to take when come to the need in real-time big data analytic for competitive edge. Making effective use of the information collected is an asset to exploit in providing businesses with better insights in overcoming challenges and predicting the future competitive landscape. Not only this, business intelligence analysis also give critical information at the fingertips that provides timely insights to facilitate and empower decision making based on trends and facts, not “gut feel”.