Six Tips for Formulating a Business Plan for Big Data - Slide 7

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Sixth, don’t mistake buying Big Data tools for a Big Data plan, warns Sherman. While tools are a critical part of Big Data, they aren’t enough.

“Building an analytics system, especially one involving big data, can be complex and resource-intensive. As a result, many organizations hope the software they deploy will be a silver bullet that magically does it all for them,” he writes. “People should know better, of course — but still they have hope. … But big data analytics is only as good as the data being analyzed and the analytical skills of those using the tools.”

Recently, Loraine Lawson looked at what it takes to get real about Big Data, including a look at the people and roles you'll need and why experts say a business plan is uniquely important with Big Data. In this slideshow Loraine features six tips experts say will help you formulate a business plan for Big Data.

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