I’ve never liked the term “big data.” It feels like a contrived term, born from opportunistic vendors anxious to sell more hardware and software. Certainly, we have seen an enormous growth in the sheer volume of data being produced today, and yes, that is what most people think about when they hear the term big data. However, when I think about big data, I think more broadly about its potential.
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The other day, I was thinking about BI and its adoption rate by the business. For the past couple decades, business intelligence has been one of the top enterprise initiatives, often one of the top three. Still, though there have been innovations in technology, the way companies use data hasn’t changed much. I sense that is about to change in a big way, which made me wonder whether organizations are ready.
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I can tell how mature an organization is by its use of analytics to run the business. By that, I don’t just mean the financial reports they produce for investors or Wall Street. I mean the use of analytics in every aspect of the organization—from product development to HR, from marketing to supply chain, and everything in between.
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We may never answer the question of whether one is born an entrepreneur or one becomes an entrepreneur through life experiences. Frankly, I think it’s a complex combination of both–at least it was for me.
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