BIG data

How to Keep That Spark and Love Your Data with Data Visualizations

Love is in the air!  Yes, even for us data nerds.  I know many of us are waking up this morning still feeling the love through the champagne and chocolate hangovers.  Why not use this as a reminder to appreciate the other wonderful things in our lives—like your data!? (more…)

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Building Data Products to Realize Data-Driven Business Models

by Dr. Carsten Bange and Dr. Sebastian Derwisch¹ of the  Business Application Research Center (BARC)

Digitalization changes organizations. Data-driven companies not only consider how to improve operational and management processes using data (analysis), but they also think about data products that are delivered as a service to customers. In this blog post, we will explain what data products and data as a service are, give some examples of different kinds of data products, and also highlight key challenges to tackle when designing and offering data products. (more…)

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Big Data and Digitalization Use Cases: How to Identify and Prioritize

by Dr. Carsten Bange, founder and managing director of the Business Application Research Center (BARC)

More than a third of respondents to our last study on Big Data utilization (BARC Survey “Big Data Use Cases – getting real on data monetization”) said that finding compelling use cases is one of their major challenges. In this blog, I want to present our methodology for identifying and prioritizing use cases for innovation, digitalization, and Big Data. (more…)

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1,000 Big Data Use Cases in a Nutshell

by Dr. Carsten Bange, founder and managing director of the Business Application Research Center (BARC)

In a previous blog, we discussed how Big Data is used in companies, what benefits they achieve, and what challenges they face. The starting point for generating value from Big Data typically lies in use cases. The 559 participants in our “Big Data Use Cases” survey reported more than 1,000 use cases, giving us a good overview of how companies actually tackle Big Data. I will present a summary in this blog. More details can be found in the full study (see below). (more…)

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Big Data in Practice – What Can We Learn from Successful Organizations?

by Dr. Carsten Bange , founder and managing director of the Business Application Research Center (BARC)

The term “Big Data” is often used as an umbrella for initiatives or strategies to integrate, store, and analyze data from many internal and external data sources in heterogeneous formats – and most importantly to gain benefits from all these activities. But how do companies actually use it and what are the benefits achieved and challenges faced? We asked more than 550 professionals in companies worldwide several questions about their Big Data initiatives. Here are some of our key findings and resulting takeaways. (more…)

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