Enterprise Analytics 103 - Data Conscience!

Value creation from data will be one of the central business themes for this decade and ultimately, it is all about data!

Blooming businesses generate data at the speed of light. Data, however, is just a starting point. It needs active harnessing and effective analysis to fuel an organization’s growth. Like abundantly available sunlight can sufficiently supply energy to the entire world but is used only for specific energy requirements, data too has vast untapped potential. Businesses need to better channelize data to ensure the smooth functioning of their analytics engine, which in turn churns out the insights necessary to spearhead further advancement.

The current approach to data collection and management poses the following challenges that need to be overcome to tap into its massive potential.