8 WAYS TO BOOST YOUR DATA STRATEGY WITH
8 WAYS TO BOOST YOUR DATA STRATEGY WITH UNSTRUCTURED DATA
MEET THE EXPERTS CHRIS MIERZWA Chief Technology Officer Sirius SHAWN ROSEMARIN Senior Vice President, Chief Technology Officer, Global Field and Industry Hitachi Vantara
DATA IS ALWAYS EVOLVING Ways it is stored Applications that use it Where it lives and is used
DATA LIFECYCLE – FROM ACQUISITION TO DISPOSAL Enrich Refine Acquire Monetize Mobilize Analyze Govern © Hitachi Data Systems Corporation 2017. All rights reserved.
BIG DATA – “ITS MORE COMPLEX THAN WE THOUGHT” Data Engineering Ingestion Administration Data Prep Processing Security Blending Lifecycle Management Analytics Data Delivery Data Provenance Data Discovery Analysis / Analysis & Dashboards Dynamic Data Pipeline Monitoring Automation © Hitachi Vantara Corporation 2017. All Rights Reserved
8 WAYS TO BOOST YOUR DATA STRATEGY WITH UNSTRUCTURED
ONE IDENTIFY KEY BUSINESS CHALLENGES AND GOALS
Before doing anything new with the data, begin by targeting existing business issues and determine your goals for addressing those challenges.
TWO KEEP AN OPEN MIND
Your data strategy, like the technology industry, should continue to evolve as you discover new ways to access and interpret your data.
THREE WELCOME THE DIGITAL JOURNEY
Successful transformation usually requires changes in philosophy and strategy, but each change should be specific to your organization’s business needs.
THE CHALLENGE? UNPREDICTABLE GROWTH UNSTRUCTURED DATA
BIG DATA AND ANALYTICS BY THE NUMBERS 78% 71% 58% 32% Of companies report that big data has the potential to fundamentally changes the way they do business in the next one to three years believe that big data will generate new revenue opportunities and/or lines of business in the same time frame agree or strongly agree that their company is well positioned to capitalize on bigdata potential see big-data initiatives as being mission critical Source: Villanova University
DEFINING SUCCESS WITH IOT 89% Saw an improvement in Data efficiency and decision speed. 17% Saw a year over year increase in asset uptime/utilization compared with a 4% increase for the industry average. 27% Experienced year over year increase in operating profit, compared with a 7% increase for the industry average.
FOUR ACCEPT THE UNFAMILIAR
Accept that it may take time to find the right way to evolve your data strategy to incorporate the unfamiliar data; it will be worth the investment.
FIVE EMBRACE UNSTRUCTURED DATA
Newer technologies have been specifically designed for big data. Once deployed, they will allow you to efficiently store and analyze all the new information in your system.
SIX EXPEND COMPLIANCE AND RETENTION POLICIES
Some data requires retention and disposition periods which must be met, so setting parameters to automatically govern this information will help the organization remain compliant.
SEVEN MAXIMIZE SEARCH POWER
Now that you have this large collection of information, devise a strategy to classify what you have so you can put it to work.
EIGHT ACTIVATE YOUR ANALYTICS
Once you establish a process to access, store, and sift through your unstructured data, you need to understand how to use it to improve your business.
DATA STRATEGY IS A CATALYST FOR INNOVATION Maximizing Return on Data at Every Step of the Journey Monetize Activate Enrich Store and protect my data at the lowest costs and right services levels across traditional and private/public cloud solutions Leverage metadata and analytic insights to generate new “context” that makes my data more intelligent Integrate and orchestrate my data assets and leverage analytics to generate actionable insights for every interaction Deliver outcomes that capture the full economic value of all my data inside my company and beyond
CHAT WITH A SIRIUS EXPERT Info@siriuscom. com Or contact your Sirius Account Manager
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