Meeting the Big Data challenge

by Bahjat el-Darwiche & Walid Tohme May 15, 2014

written by Bahjat el-Darwiche & Walid Tohme May 15, 2014

Utilizing Big Data effectively offers big benefits

Recent research on Big Data should sound an alarm bell for companies. On the one hand, there is a link between usage of Big Data and the quality of corporate performance, on the other, very few companies are actually making use of Big Data. Companies therefore need to grasp the commercial advantages that Big Data can bring, and determine how they can develop their capabilities and culture to exploit its potential. Writing in the Harvard Business Review in 2012, Andrew McAfee and Erik Brynjolfsson revealed the extent of Big Data’s impact. They interviewed executives in 330 publicly traded companies in the United States and found that those organizations which believed most in the power of Big Data gained a marked advantage over their rivals. According to McAfee and Brynjolfsson, the enterprises that were in the top third of their industry in terms of using data-driven decision making were more productive

Bahjat el-Darwiche

Bahjat is a Partner at Strategy& and leads the Technology, Media, and Telecommunications (TMT) sector for EMEA with over 22 years of consulting experience globally. He supports governments, regulatory bodies, and telecom providers in policy making, sector development, and business transformation. A thought leader in telecom and digitization, he collaborates with the World Economic Forum and other major organizations, and holds advanced degrees in engineering and telecommunications from top French institutions.

Walid Tohme

Dr. Walid Tohme is a Partner at Strategy& Middle East, specializing in the firm's Healthcare practice. He works with major healthcare providers, payors, and ministries of health across the GCC, focusing on strategic and operational transformations, research and innovation agendas, and healthcare investment strategies. His recent projects include leading strategic transformations for GCC ministries of health, establishing biotech cities, and overseeing mergers and operational transformations in the healthcare sector.

1 comment

Big Data Queen May 16, 2014 - 9:55 PM

Bahjat, good post! With the explosion of big data, companies are faced with data challenges in three different areas. First, you know the type of results you want from your data but it’s computationally difficult to obtain. Second, you know the questions to ask but struggle with the answers and need to do data mining to help find those answers. And third is in the area of data exploration where you need to reveal the unknowns and look through the data for patterns and hidden relationships. The open source HPCC Systems big data processing platform can help companies with these challenges by deriving insights from massive data sets quick and simple. Designed by data scientists, it is a complete integrated solution from data ingestion and data processing to data delivery. Their built-in Machine Learning Library and Matrix processing algorithms can assist with business intelligence and predictive analytics. More at http://hpccsystems.com

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Meeting the Big Data challenge

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