When it comes to the use of Big Data, business leaders are faced with a choice. They can either attempt to become data-savvy and implement their own expertise with self-driven development or they can look for an easier way out. Those who choose the latter typically turn to Augmented Data Management (ADM). And with good reason: ADM is fast, simple and cost-effective. For startups and small businesses in particular, ADM offers a viable path forward. Rather than try to build infrastructure from scratch, they can rely on big data technologies designed with legacy in mind. This approach not only saves time and money but also accelerates business growth.
By ADM, we mean a data management strategy that places big data technologies in the background and augments them with human capabilities. In the ADM model, it’s people who take center stage. The promise of this approach is that businesses can quickly process large volumes of information without sacrificing quality or accuracy. By investing in data analysts and augmenting their insights with big data technology, companies can accommodate explosive growth in both volume and variety while improving prediction rates.
This blog post will discuss 5 best practices for ADM:
1. ENSURE A SMOOTH TRANSITION
When it comes to big data, people are biased by their existing knowledge of databases and business intelligence software. Unfortunately, the learning curve is steep. To make matters worse, new developments in technology can cause shifts in best practices for analytics professionals. You need a smooth transition from the past to ensure the efficient use of big data technologies as you scale your organization’s capacity to harness them.
By hiring an IT consultancy that specializes in ADM strategies, you’ll receive support at every stage of this process. They can help you identify roles within your own company and set up training programs tailored to your needs and goals as a business leader or decision maker. The right firm will also have ties to universities. This enables them to hire the best graduates before anyone else does, giving you an edge when it comes to hiring decisions.
2. DETERMINE A DATA STRATEGY
People who are new to ADM often make the mistake of diving straight into implementation without understanding what’s happening behind the scenes first. It’s important to start this part of the process early because there are 2 kinds of big data technologies: those that target structured and unstructured information and those that are designed for individual functions. To ensure a smooth transition between all these different systems, you need a plan in place beforehand.
The right strategy for your company will depend on several factors, but most importantly, it should address your business goals and where you want to be in a year’s time. You can identify these goals with surveys or interviews carried out among your workforce. Once you’ve established what needs to happen, the next step is to implement a data strategy that includes tools as well as processes for handling structured and unstructured data from different sources.
3. IDENTIFY THE RIGHT DATA ANALYSTS
Consider this: the average person today spends nearly two hours browsing online content per day – just imagine how much of that is spent on social media and news sites! Because of this, we all have access to incredible amounts of information at any given moment. This has led to the evolution of new jobs such as ‘data’ and ‘analytics manager’. These professionals combine IT expertise with a comprehensive knowledge of their domain to engage in complex decision making.
If you want your company to have a competitive edge, it’s vital that your data analysts understand how big data can be used in different industries and domains. The best-performing companies invest heavily in hiring the right people for these roles. In order to hire them successfully, these companies conduct thorough research into the applicant’s background before inviting them in for an interview. This ensures that they get well-rounded candidates who can work effectively with others from day one.
4. USE PERSONAL DEVICE DATA
The average person today spends nearly two hours browsing online content per day – just imagine how much of that is spent on social media and news sites! Personal devices (phones, tablets) are now used for everything from banking to shopping. Mobile applications can obtain user data in different ways, including accessing information that is already on their device.
5. ENCOURAGE PRIVACY-PRESERVING SECURITY
One of the biggest challenges organizations face when working with big data is ensuring the security of their systems. This is a concern for companies that use cloud storage and server logs because these technologies typically aren’t designed with security in mind. While it’s true that an increasing number of cyber criminals are targeting businesses, you can protect yours from attackers by implementing simple measures.
Big data for business has revolutionized how companies perform in today’s world. The use of smart devices and social media platforms to obtain data allows businesses to measure, track, analyze and generate revenue from their target audience. Through this blog post, we have provided insights into the top five tips that one should consider when adopting big data technology.