Berto Jongman: Big Data – Lost in Translation

IO Impotency
Berto Jongman
Berto Jongman

Challenges are identified.

How will data change your boardroom?

EXTRACTS:

By 2020, the quantity of stored data could be 50 times greater than it was in 2010. Many pundits regard this massive explosion of data as the new oil, even a new asset class.

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Tapping the potential of data analytics requires deep pools of advanced technical expertise. To be sure, workers skilled in data management and advanced analytics are in short supply, as are members of an emerging class of “translators” – those whose talents bridge IT and data, analytics, and business decision-making.

. . . . . . .

Few leaders have ever developed management muscle in completely new fields while assembling teams combining previously unknown types of talent. The strategic options confront equally fresh terrain, perhaps similar to when mass media opened a new era of marketing, or globalization required radical reshaping of organizational footprints.

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Phi Beta Iota: A very fine overview. Missing from the translators line-up are professional intelligence officers, collection managers, and strategists. Big data is found in the first two quadrants — absent the second two, it is not helpful.

See Also:

Big Data @ Phi Beta Iota