Post by ummefatihaayat22 on Feb 13, 2024 4:59:51 GMT -5
Taking advantage of the value of big data analytics is, despite everything, a matter of business management. Data is necessary, quality is essential and technology is the element that makes any big data initiative possible; However, the real challenge is in management. iStock_000058791136_Small Photo credits: istock kentoh The challenges of business management: big data challenges The most important challenge of all that big data poses to business management is the one that has to do with change management . Precisely from it other challenges arise, the overcoming of which translates into benefits for the business. Data, change and value come together in the following areas: 1. Leadership: to be successful in the era of the greats, you must set clear goals and ask yourself the right questions. Business management requires vision. Through it you can detect opportunities, you can understand how markets evolve and only this vision makes it possible to think creatively and innovate.
Leaders are responsible for ensuring that this scenario is achieved and for inspiring and encouraging teams to maintain it and work hard to achieve goals. 2. Decision making : Big data-driven decision-making differs from Germany Telemarketing Data traditional decision-making in its collaborative approach and flexibility. This agile perspective requires that the gears be ready to take action at any time and always in safe conditions. In this context, business management must know how to combine the best of technology, with experience and expertise , so as not to lose dynamism or effectiveness. Technology: big data tools have improved a lot in recent years, in terms of performance and also in price. Successful business management knows how to choose the software that provides the best performance, covering its needs, and without going beyond. This way of acting implies that it is understood that in any decision the learning curve must always be taken into account and that new technologies require a set of new skills, which must be integrated into the framework of a technological strategy.
Talent management: mathematics, statistics, business analysis... anything goes and nothing is enough. While not every organization can afford a team of top-notch data scientists at least not outside of Silicon Valley; What they can and should do is attract the best qualified professionals and retain them . Among the competencies of responsible business management is keeping these profiles motivated and ensuring that their levels of job satisfaction do not decline. In any case, it is always advisable to rely on the services of some outsourcing consultancy, to complement the internal work or guide the teams at times when the level of difficulty increases. 5. Business culture: data culture is based on objectivity but simplicity prevails. The culture behind business management adapted to big data eliminates bureaucracies and formalisms, eliminates interference in reporting and focuses on agility, efficiency and value generation. From the first to the last, all members of the organization must share this point of view and apply it to their daily work, to improve their performance and that of everyone and be able to experience the true power of data. At the end of the day, everyone will agree that data-driven decisions tend to be better decisions.