Most organizations are either starting or have already started on their Big Data journey. As most other technology hypes, Big Data has also followed the hype cycle and there was a drop in interest in past years after the initial frenzy. What we are seeing now is the second round of influx in interest around Big Data after the initial peak some years back. With increasing maturity in Big Data products and business use cases, we are inclined to believe that Big Data is here to stay and will prove to be a differentiator by providing the competitive advantage needed in this age.
With this move, we should see more successful adoptions of Big Data technologies. There is a definite opportunity to cash in early on this technology and get the early bird advantage. But, let’s not get carried away! The industry wide success rate for Big Data project still remains between 22-27% (In 2017, Gartner had got this figure at 40% which most other studies found this figure optimistic and peg it at 15%). So, even if you start on your Big Data journey early, there is no guarantee on the returns UNLESS there is a way to increase the probability of success.
This blog post lists some key takeaways from our experience with Big Data initiatives across several industry segments. These insights should assist in better planning and increased control on your Big Data initiative.
No comments:
Post a Comment