We are entering a new era, filled with hyperconnected lives, the Internet of Things (or Internet of Everything), nonstop information, wave after wave of innovations, and an ever-changing business ecosystem. Digital technology and data are driving this revolution.
Big Data is central to a company's critical issues, as long as we know how to collect it and correctly use it. Yet this task is complicated by the extensive number of internal and external sources of information available. This is where Big Data fits into a company's strategy.
Big Data repositions the relationship between IT departments and business. The end result is greater competitiveness and increased performance. But there's a catch... you must be capable of putting the massive amount of analyzed data to good use, both technically and in practice. The IS department now lends its skills to the operations team, shaking up the organization of the company. The goal is for business information to line up with the company strategy.
The key challenges of Big Data are:
- transforming data into actions and results
- mastering technologies
- protecting the confidentiality and security of sensitive data
- controlling operations
- trusting the quality of the data
- governing the data