The focus on data science has moved beyond big data, which, in essence, refers mostly to the volume and velocity of the data that enterprises and users products and consume. However, managing your BI efforts doesn’t actually have to be costly, frustrating or an ongoing challenge and source of anxiety for your executive team.
It may seem weird that we say that your data strategy doesn’t have to be a source of anxiety for your business; data’s impact on business is only gathering momentum. And so is the complexity. Key trends in business for 2016 include a pretty big focus on the Internet of Things (IoT), improved cognitive solutions and the rise of insight-driven decision-making and data-driven companies. With such growth in potential uses, sources and types of data, enterprises of all sizes are now facing increasing complexity when it comes to not just the collection, but the management and analytics too. Increased complexity, in turn, makes for new challenges for decision-makers and data scientists.
The rapid rise of connected devices and business ecosystems has resulted in an increasing number of disparate data sources, coupled with a growing diversity of data types (structured and unstructured), all leading to the increasing complexity of data.
But, luckily there are some businesses that are here to help. They specialize in making your complex data seem..well…less complex.