988 - Semalt Shares a Secret on How to OBecome Successful in the Bid Data World

23.05.2018
If you do not want your business to be left out, you need to
embrace data democracy. Big data has become the
lifeblood of business activities, thus giving rise to a new
democracy of data. It is open sourced and crowd sourced.
Also, its volume and variety are great, making it dif cult to
maintain the traditional reporting process which
essentially delivers data in a well-de ned process.
Instead, business analysts need to deploy self-service
analytics to make sure the front line managers get the data they require to make decisions and take valid actions.
With larger volumes of data available in a form that is less processed, a business can implement data governance,
analytics, security and reporting as guard rails to ensure the information keeps owing securely and accurately.
Marketers have had to learn the new syntax of data and
analytics. It is no longer enough to target customers based
on static demographics. They now need to learn how to
identify and react to emerging behavior patterns and
preferences that they glean from the digital footprints of
their customers.
Similarly, analysts are now learning the language of
marketing and how it can translate into customer
behaviors and preferences that may be measured and
analyzed. In this way, both marketers and analysts can jointly develop data reporting and analytic models that t the
requirements for both back end data and front end reporting. for it.
Most customer objectives are very uid, and thus cannot be captured in a xed set of speci cations. They are
ephemeral objects that come and go, much like ocean waves, and in most cases, the wave is gone long before a
report is generated and delivered.
Therefore, if you want to be successful in the contemporary world of Big Data, you need to learn how to integrate
quantitative processes such as business analytics and data science with the qualitative process, for instance,
marketing strategy and decision analysis. By doing this, you will set yourself up for success in the new digital
landscape.
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