We take a closer look at the ways in which companies are connecting vast reserves of data in order to spread its benefits throughout their organisations
DATA ANALYTICS
How Companies are Making the Most of CONNECTED DATA
We take a closer look at the ways in which companies are connecting vast reserves of data in order to spread its benefits throughout their organisations
Organisations are collecting everincreasing amounts of data , both in terms of volume from existing sources but also the range of sources they glean it from . Whether it ’ s IoT sensors on the factory floor or information about how customers interact with a website , the challenge for companies is in integrating these disparate sources to create a complete picture of their organisations .
Making the most of data requires both technology and strategy , as John Spooner , head of Artificial Intelligence , EMEA , H2O . ai , explains : “ To make the most of organisational data , build a cross-functional team , and make sure everyone is involved , be they experts in data , technology , analytics , industry knowledge or line of business specialists .” It ’ s also vital to have an idea of what data analysis can and can ’ t do . “ Companies should start by having a clear idea of business problems they could solve and processes they could improve with their data sources , before spending too much effort on operationalising a wider variety of data sources ,” says André Balleyguier ,
WRITTEN BY : WILLIAM SMITH
74 April 2021