BIG DADDY to BIG BOSS with BIG DATA
There is abundant data all around us … be it Organisation or Society in general..
You have economic indices, weather patterns, oil prices, currency fluctuations, stock market patterns etc..
In Organisations too we have millions of information and data points relating to customers, products, processes and other MIS.
So in what sequence should we approach BIG DATA ANALYSIS … is there any BODMAS sequence in it ?
Yes …
Where does one start and where does this end ?
Step -1 …… is the art of asking BIG Questions in existing business processes and systems.
Step -2 is to collate the BIG DATA from the right source.. ideally from primary source / data.. of respective business process.
Step -3 is to the do the BIG DATA ANALYSIS using the right tool
Step -4 is to identify BLIND SPOTS
identifying BLIND spot is by asking the right BIG questions…to bring out pattern/ trend and inference of the current business processes…towards its objective.
Things which you thought were working well …., may not be actually..
Step -5 … is to take BIG Decisions… Big data analysis should lead to big Decisions , not just inferences to mull over …
Once we have light on the blind spots we have to take the BIG DECISIONS..
So move on, grow up from being BIG DADDIES of information.. to become the BIG BOSSES ..
Good one Mahesh