Infographic: The Road to Data-Driven Decision Making
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This document outlines strategies for businesses to achieve data-driven decision making amid an overwhelming amount of information. It emphasizes the importance of leveraging cloud-based analytics and establishing modern data warehouses to enhance efficiency and insights. Additionally, it highlights the growing demand for data science skills and the benefits of data consolidation for future growth.
Infographic: The Road to Data-Driven Decision Making
- 1. Ready to learn more? aka.ms/bigdatadw © 2016 Microsoft Corporation. All rights reserved. This document is for informational purposes only. Microsoft makes no warranties, express or implied, with respect to the information presented here. The Road to Data-Driven Decision Making The world is awash in information of all types, promising a competitive edge to businesses that make the right investment. Yet unlocking insights can be tantamount to tea-leaf reading. Here are four approaches to help companies navigating the chaos to a reality of data-driven business decisions. A manufacturer can run an additional data warehouse in parallel to better analyze supply chain and quality control data, identifying gaps and improving efficiencies. Enhance Intelligence❶ ❶ ❷ ❸ ❹ ❸ ❷ ❹ With cloud-based resources, Investment banks could conduct real-time analytics to increase their portfolio performance and responsiveness to market shifts. Microsoft offers a range of data analytics and business intelligence products to help companies make the most of their existing resources and build flexible solutions that grow with the needs of their business. For more information on Microsoft’s data analytics solutions, download the Modern Data Warehouse White Paper. Leverage the Cloud Retail chains looking for deeper insights could siphon off call center and social media tracking data into a data mart, where it can be manipulated and scrutinized for new insights. Delve into Big Data existing structured data existing skills advanced analytics predictive insights internal data external data third-party data structured data real time analytics scalability affordability agility unstructured data $ greater efficiencies additional opportunities structured data unstructured data modern data mart By consolidating resources to one platform, research facilities could reduce costs and gain greater flexibility with the storing and processing of data. Build for the Futureconsolidate resources reduce costs maximize control increase agility Enhance Intelligence Leverage the CloudDelve into Big Data Build for the Future The size of digital universe by 2020: of current data is less than two years old 44ZB 90% projected shortfall of demand for trained data scientists in 2018 90% 4% 6% active social media users 2.3Bmobile users3.8B Organizations focused on data- based decision making had: higher productivity rates higher profits #