Core Components of Big Data Enablement Framework PPT

This PPT slide, part of the 22-slide Big Data Enablement Framework PowerPoint presentation, presents a framework for leveraging big data, emphasizing 3 core components essential for organizations in today's fast-paced digital environment.

The first component, Data Usage, highlights the necessity for organizations to foster a culture that prioritizes data-driven decision-making. This involves encouraging creativity and idea generation while also building customer trust through transparent and responsible data practices. Such an approach is positioned as a means to gain access to more information than competitors, suggesting that a strong ethical foundation in data usage can lead to strategic advantages.

The second component, Data Engine, focuses on the technological infrastructure required to support big data initiatives. It stresses the importance of having swift and scalable technology systems that can accommodate a diverse range of applications. The slide points out that organizations need to develop competencies for installing and maintaining these systems. It also notes the economic advantages of utilizing cloud-based and open-source technologies, which can be linked to business units to align with their specific objectives and capabilities. This connection is crucial for embedding big data insights into operational processes.

Lastly, the Data Ecosystem component addresses the broader context in which big data operates. It suggests that big data can create opportunities beyond traditional business models, necessitating strategic alliances and partnerships to access vital information, skills, and customer bases. The slide underscores the importance of identifying and maintaining these partnerships as a key strategy for firms looking to thrive in a data-driven landscape.

Overall, the slide encapsulates a comprehensive approach to integrating big data into organizational strategy, emphasizing culture, technology, and ecosystem dynamics.

This slide is part of the Big Data Enablement Framework PowerPoint presentation.

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