The potential for organizations to capture value from Big Data improves every day as the pace of the Big Data revolution continues to increase, but the level of value captured by companies deploying Big Data initiatives has not been equivalent across all industries. Most companies are struggling to capture a small fraction of the available potential in Big Data initiatives. The healthcare and manufacturing industries, for example, have so far been less successful at taking advantage of data and analytics than other industries such as logistics and retail. Effective capture of value will likely require organizational investment in change management strategies that support transformation of the culture, and redesign of legacy processes.
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Website: | Visit Publisher Website |
Publisher: | National Institute of Standards and Technology (NIST) |
Published: | October 21, 2019 |
License: | Public Domain |