Strategic Data Connection

Turn up the Volume, increase the Velocity and let Variety be the spice of your life. These three V’s of Big Data: what are they and why should your small business care?  Last time we looked at what exactly Big Data means for your small business . Now it's time to discuss in detail three of the V's of Big Data management. Think of the data that your business creates every day: the different types of information, the speed at which it’s coming in, the sheer amount of it all. If your business isn’t equipped to handle all this data, information overload could quickly become a serious issue.  Let’s talk about the Volume of Big Data first. In simple terms, Volume refers to the amount of information created, saved and used within any system used by your business. The ability to handle large amounts of Data can be a critical factor in the decisions made by your business every day: the more useful Data you have about your product, service or customers, the more informed this allows y...

For the last few years, Big Data has become very relevant in everyday life. But what is Big Data? And what does Big Data really mean for Small Business? Companies that don’t see data as a strategic asset won’t survive. Big Data will affect every business and change how we do business. It doesn’t matter what field you operate in or the size of your business. That’s what I will explore in this blog post.  Big Data is an emerging field and a challenging concept to define precisely, but first, I will explain what data is. Data is all facts and figures stored in digital format like texts, images, audio, and videos. Big Data is large amounts of data that are too large to be analyzed by traditional tools. Do you know what your customers want? Why they use your products/services? What do they think about your products/services? If you don’t know the answers, you’re at risk of being left behind by your competitors. According to Marr, there are three core areas where data really matters to b...