Big Data: The Management Revolution - PowerPoint PPT Presentation

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Big Data: The Management Revolution

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Big data is an interesting subject to analyze as it is the future of businesses, the way managers approach business situations and how they should market their products to the customers. – PowerPoint PPT presentation

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Title: Big Data: The Management Revolution


1
  • BIG
  • DATA
  • The Management Revolution

2
Big Data Solves a Big Problem
  • You cant manage what
  • you dont measure.
  • Explosion of digital data
  • is so important.

3
The Amazon Story
When people began buying books online, it became
possible to track what other products they
looked at and how much they were influenced by
promotions.
  • Big Data
  • Industry Transformation

4
The Opportunity for Competitive Advantage
  • Data-driven decisions increase productivity and
    profitability.

5
Whats Different About Big Data?
But big data has three distinct characteristics
6
Volume
  • Whats Different About Big Data?

With big data, companies have a lot more
information to work with and a lot more to handle.
  • Massive data sets

7
Velocity
  • Whats Different About Big Data?
  • By gathering information in real time, a company
    can be much more agile than its competitors

8
Variety
  • Whats Different About Big Data?
  • Unlike information generated from traditional
    systems, much of the data is unstructured and
    unwieldy to store and process.

9
Big Data Challenges
5
  • LEADERSHIP
  • TALENT MANAGEMENT
  • TECHNOLOGY
  • DECISION MAKING
  • COMPANY CULTURE

10
Leadership Set clear goals and decide what
success looks like.
5 Big Data Challenges
1
11
Talent Management You need data scientists and
domain experts.
5 Big Data Challenges
5 Big Data Challenges
2
12
Technology Develop new skills in IT.
5 Big Data Challenges
5 Big Data Challenges
3
13
Decision Making Base decisions on evidence.
5 Big Data Challenges
5 Big Data Challenges
4
14
Company Culture Dont ask what do we think?
5 Big Data Challenges
5 Big Data Challenges
5
Ask what do we know?
15
The Payoff
  • Smarter Predictions
  • Smarter decisions
  • Smarter Interventions

16
Thank You
You can contact us at
00966 56 100 4748 info_at_dtechsystems.co www.dtechsy
stems.co
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