Often times when the next big thing hits the market, people jump into it without careful consideration. Don’t be the company that dumps all your money on Big Data without first knowing how to use it. These three steps describe how to use Big Data smartly, allowing it to make you money.
Test and Learn
- Make sure your IT team includes someone who’s responsible for testing your Big Data Model. Use the Test and Learn strategy to conduct quick, cheap tests frequently. This will enable you to expose variability, uncover needs and ultimately improve overall performance with fast insights.
Manage Data Processing Wisely
- Those who have been successful in the Big Data industry are the ones who are most clever about how their data is processes Knowing how to ask the right questions allows data models to process and store the data more efficiently. When possible apply low cost methods to first, using cheap IT tools to fun queries.
Use New Data Types
- Integrating new types of relevant data allows for more dynamic information. Companies who rely only on internal data collected will outperformed by companies who include other factors such as weather or traffic. The more relevant data collected, the better the information which allows us to analyze and make decisions more accurately.
Interested in how these methods save companies money? Learn More!