Right Start: Big Data Projects
Big Data has exploded on to the scene as a tremendous opportunity for companies across most major industries to gain competitive advantage. But Big Data is not a small project that should be taken lightly. It represents a business imperative requiring active participation by business leaders and their teams, as well as by technical leaders and their teams. This paper discusses some of the key factors that are critical to the success of Big Data projects. Getting Big Data right is challenging. E.g., Gartner predicts that “Through 2015, more than 85 percent of Fortune 500 organizations will fail to effectively exploit big data for competitive advantage.“ An InfoChimps survey reports that over 50% of Big Data projects aren’t completed. What factors are critical to getting it right?
Having planned and implemented more than 50 different Big Data projects in our three year history, we’ve developed a maturity model for organizational adoption. Let’s look at how businesses can best respond to move forward at each stage of adoption, and where the missteps can happen.