The use of big data is no longer a strategy for advanced and technologically innovative companies to gain a competitive edge. It is a necessity for all businesses across all industries. Collecting data is not enough. Businesses need to understand how to translate their data into competitive strategies and advantages. This infographic created by Villanova University School of Business Online details the challenges of big data, including:
Enormous amounts of data created.
The growth of data usage within businesses.
Big data investments.
Challenges of big data initiatives.
External data challenges.