It looks like Big Data is going to be a big job creator in the near future, with Gartner predicting that Big Data will create 4.4 million jobs by 2015. And as more and more organizations embrace Big Data, they are finding the adage, “You have to spend money to make money,” ringing true.
Organizations are discovering that not only are they having to invest in Big Data-related jobs (that is, if you can find qualified candidates), but, as our own Arthur Cole points out, they are finding that they also have to invest in “Big Hardware” to find value in those large volumes of data. For that reason, he urges organizations to start planning now for large volumes of data that will be the norm in the very near future.
To assist you in planning your Big Data initiative, below are a few tools from the IT Downloads library that will help you evaluate your current data inventory, avoid data warehouse PM mistakes and also decide if a Big Data project is a good investment for your organization.
Cost Benefit Analysis Tool: Feasibility studies are a great way to assess the organizational impact of different project options. Use this tool to perform a cost/benefit analysis and to calculate the project's ROI.
Take Stock of Existing Data Inventory Tool: Before you get your data under control, you must first clearly understand where your company's vital information lives and how it currently is managed. This Excel-based tool will help you evaluate your data inventory and give you recommendations on how to improve it.
Ten Worst Practices of the Unsuccessful Data Warehouse Project Manager: This checklist gives you a quick look at 10 worst practices to avoid when designing and implementing your next data warehousing project.