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Analyzing Big Data: Top Tips on How to Succeed

Big data and how to succeed
Written by Ben Davis

Beneath layers of noise and irrelevant information, we actually have more valuable data to process than ever. This is part of the reason why big data analysis is very popular among businesses and enterprises. Today, there is so much data to analyze today that you should be getting a lot of insights in return. To get to these insights, however, you need to first successfully perform the analysis. Here are a few top tips that will help you succeed in doing the analysis.

Big data and how to succeedPhoto from theChive

A Clear Objective

Before you start separating meaningful data from the amusing pictures, funny information and a sea of noise, you need to first define the objectives you want to achieve. What kind of information you need to push your business further? What kind of insights can you benefit from the most? Setting clear objectives – or one particular one – is the key to big data analysis.

Without a certain goal, it would be impossible to get the insights you need. To define clear objectives, you need to understand the purpose of the process, the key performance indicators that must be your focus throughout the process and of course the data you have in hand.

A successful big data analysis must produce an answer to an important business question. Your objective will also depend on the questions you and your business need answered.

Get More Data

As the name suggests, big data is about collecting a massive amount of data. The more data you have, the higher your chances of finding the insights you need as well. Don’t limit yourself to a small sample or a short period of time. Keep the analysis going and continue to revisit the results. This, in turn, will allow you to start seeing progressions and changes, which will also give you a much clearer set of insights on their own.

Storing and saving data is important in this case. Luckily, there is no shortage of solutions on the market. You can rely on cloud platforms or host the entire data you are gathering on-site. There are also plenty of data sources to tap into. Social media, the World Wide Web in general, your own communication channels and internal network are all great sources of data.

Context and Visualization

Depending on what you’re trying to understand, there are two data collection and storage methods to consider. First, you can store raw data and analyze it directly. Alternatively, you can also choose to filter and process data before storing it.

It’s not always easy to see – and separate – important insights from noise. Adding context to the information and visualizing the data you have gathered is known to help increase the chances of success in gathering the right intel that proves valuable to your business operations.

It’s all about having a clear set of objectives and devising a plan to achieve those objectives. These tips will help you get started with big data analysis without hassle. As you venture into more information and start separating the important ones from the noise, you’ll find these simple tips to be very useful.

About the author

Ben Davis

If hard hitting, factual news is what you are looking for, only Ben Davis has it.

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