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Ten big lessons learned from Big Data analytics
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2016
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Artificial IntelligenceEngineeringBusiness IntelligenceBig Data AnalyticsData-driven InnovationBusiness AnalyticsDecision AnalyticsBig Data ProcessingBig Data InfrastructureBig Data ModelData ScienceManagementData IntegrationData ManagementBig LessonsOperations AnalyticsPredictive AnalyticsKnowledge DiscoveryMarketing Data ScienceComputer ScienceBusiness Analytics StrategyDeep LearningBig Data AcquisitionData ProcessingFinancial AnalyticsBusinessBig Data
What are the key lessons for corporates wishing to generate return on investment from the use of Big Data analytics? Using a meta-analysis of recent literature, combined with the author’s own survey of hundreds of organisations worldwide, this paper contends that the best companies generate supra-normal profit through a strong managerial and organisational approach to data analytics. Those companies also integrate Big Data into digitisation programmes and proactively invest in advanced analytics (artificial intelligence and deep learning) for better decision-making.