Big Data is growing at an incredible rate and doesn't show any signs of slowing down. IBM has estimated that 2.5 quintillion bytes of data are created every single day. Even more astonishing, 90 percent of all data was created within the last two years. Many businesses are still trying to figure out what this means for their IT systems and what they should do to manage it.
A recent survey of IT leaders shows how a good number of them are unprepared for Big Data. Consider the results below:
27% have some understanding of Big Data and 38% have no understanding
59% are unable to manage data from their IT systems and have to use separate systems or spreadsheets
33% lack the tools to manage Big Data at all
49% say that Big Data management is somewhat or very concerning to them
Sound familiar? If you are currently unable to manage Big Data effectively or are still unsure how to implement a Big Data strategy, you could be missing out on opportunities to grow your business and revenue. You too can reap the benefits that well-managed Big Data can offer if you have a plan that maximizes value and minimizes costs. Get started in the right direction by asking yourself these questions:
1. What types of tools are needed to manage the data?
2. Can I save money by eliminating unnecessary tools?
3. What is the best way to use these tools?
4. How much do Big Data management tools cost?
5. Which vendors do we trust to help us with Big Data purchases and support?
Big Data could spell big trouble if you don't have a good management plan in place. Once you start to fully understand it and what it can do for your organization, the opportunities are endless.
A recent survey of IT leaders shows how a good number of them are unprepared for Big Data. Consider the results below:
27% have some understanding of Big Data and 38% have no understanding
59% are unable to manage data from their IT systems and have to use separate systems or spreadsheets
33% lack the tools to manage Big Data at all
49% say that Big Data management is somewhat or very concerning to them
Sound familiar? If you are currently unable to manage Big Data effectively or are still unsure how to implement a Big Data strategy, you could be missing out on opportunities to grow your business and revenue. You too can reap the benefits that well-managed Big Data can offer if you have a plan that maximizes value and minimizes costs. Get started in the right direction by asking yourself these questions:
1. What types of tools are needed to manage the data?
2. Can I save money by eliminating unnecessary tools?
3. What is the best way to use these tools?
4. How much do Big Data management tools cost?
5. Which vendors do we trust to help us with Big Data purchases and support?
Big Data could spell big trouble if you don't have a good management plan in place. Once you start to fully understand it and what it can do for your organization, the opportunities are endless.
About the Author:
Joseph B. Kappernick specializes in helping Fortune 500 companies save money. He recommends that you visit http://www.npifinancial.com to learn more about telecom cost management