The Analytics CoE: The Key To Monetizing Big Data via Predictive Analytics
"Data is the new oil" was Ann Winblad's, the legendary investor and senior partner at Hummer-Winblad, response on CNBC's Squawk box for what is the new big thing. Data is like crude, it will be more valuable when refined into something like gasoline. Selling big data has little value, but if one can add insight via analytics then we have the opportunity to monetize it.
An estimate suggests that in 2014, the US alone has a shortage of more than 175,000 data scientists and 1.5 million managers or analysts who know how to make decisions based on analytics. Analytics COE can help you plug this gap. The key to monetizing Big Data via predictive analytics is for IT to build the Analytics COE that understands the needs and challenges of every data scientist, and your business.
This article is best suited for:
C-Suite, CIOs and Senior IT Managers seeking to invest in next gen IT and Digital solutions
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