MIST 7500 - Fall 2013 Executive Summary 1: Data Visualization

Making the switch from traditional data analysis to a real-time data analytics can mean the difference between being a market leader or yesterday’s news. As big data grows in the business world, companies are struggling to make sense of and properly utilize the petabytes of data that are being parsed. There are tools that can help us expunge this data to make us better prepared for the market’s unknowns.

Challenges of current data analysis tools
• Unable to process the large volumes of data created today, in a timely fashion.
• Gives us a snapshot of yesterday’s information, not real-time.
• A small, centralized team is carrying the workload.

Solutions to improve analytics and efficiencies
• Visualize the data to make it easier to search, organize and analyze trends.
• Utilize mobile devices and cloud technologies to increase the response of insights and improve collaboration in the workforce.
• Real-time creation of dynamic, interactive presentations.
• Allows for better collaboration amongst business units.
How to make big data visualization a reality
• Invest in IBM’s Rapidly Adaptive Visualization Engine (RAVE) and SmartCloud Analytics-Predictive Insights software.
• Train a diverse team of employees to interpret the data.

Making the switch to big data visualization will empower the employees and business to achieve greater revenues, create market innovations, and improve our clients’ experience. Our mission statement specifies that we are to be the market leader, and adopting this cutting-edge technology will allow us to carry on that principle.