Big Data — a curse or a blessing? Explosion of Digital Data
The 3 “V” of Big Data
An example from research: With next generation sequencing, a human genome can now be completely sequenced in a few days and with about 500 gigabytes of data volume. With the technological advance, the effort has been so drastically reduced that data from about one million genomes is expected by the end of 2016. In addition there are millions of patient documents, clinical study data or scientific publications that supplement the picture.
It is therefore a significant task to save all of this data, to transfer it between distant locations and to make it available.
However, the actual challenge is not only to hoard and manage the data, but also to encrypt the information stored in this raw material and make it usable.
Big Data as a Support for Business Goals
The data structuring first makes it possible to make hypotheses and verify them. It lays the foundation for the development of predictive models, which serve as the basis of decisions on current business situations and future business strategies.
A big data initiative is not a purely technological project. Of primary importance is the development of a sophisticated strategy that harmonizes the planned big data implementation with the desired business goals. Only in this way can the hoped “return on investment” be achieved!
Rise to the challenge!
We experience challenges in dealing with big data in our everyday consultation in the most varied of process stages. Our experts repeatedly develop solutions that are ideally suited to the situation of our customers and allow them to keep up with the “big data challenge.” In this way, optimal conditions are created for improved decision-making and value creation.
Are you facing similar challenges in your organization? Get in touch with us!