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Big Data—How to extract value from the information explosion

Srini Kompella | May 22, 2013
Without preparation, organisations may be overwhelmed with the sheer volume, variety and speed of raw information now available.

By optimizing information, organizations can build a consistent infrastructure that serves the entire organization from data security and compliance, to analytics and agility.

Managing security and risk
With end-to-end management of 100 percent of big data as the new goal, enterprises should be examining better approaches for governance and security to handle increased risks and complexity.

Issues include the financial and legal risks of not using all of the available data for decision-making, accessibility and assurances that it is current and correct.

An intelligent information ecosystem can manage data in a secure environment to govern day-to-day business and reduce risk. It can also leverage insights to guide financial decisions and take advantage of new business opportunities.

Turning data into an asset
Organizations which fail to plan carefully and act promptly will risk being overwhelmed by the huge proliferation of big data.

On the flip side, the rewards for those capable of implementing a comprehensive, enterprise-level information optimization strategy will be significant.

Such a strategy can be broken into three key elements:

  • Information infrastructure to capture, store, replicate and scale data
  • Information management to manage, secure, govern and leverage data
  • Information insight tools to search, analyze, understand and act on data

Organizations capable of gaining deep insight and value from their data assets will reap a real return on their information.

 

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