Big Data in Big Companies

In this article from the Boston Globe, the MIT Sloan Management Review provides guidance on how big companies can benefit from Big Data.

Basically, the advice is to think like a startup. Smile

From the article.

  • Assess opportunities to migrate operational business processes from mainframe environments to faster and cheaper Big Data approaches.
  • Create a Big Data Center of Excellence or Analytical Sandbox as a testing ground to identify suitable applications for Big Data.
  • Adopt a “data first” approach that focuses on rapid identification of data insights, rather than investing in large data warehouse initiatives.
  • Develop a “culture of data” staffed by a next generation of analytics professionals, who are conversant in new Big Data approaches and analytics techniques.

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