It’s now possible to analyze vast amounts of unstructured data and to derive meaning and extract business value. While the technology is exciting, I have found in my client interactions that they all a similar set of questions – questions that need to be answered before starting a big data project.
As I read the HP newsletter titled Collaborate to maximize business value from strategic information, featuring Gartner research, I come across a concept Gartner is introducing—Infonomics: defined as the economic theory of information as a new asset class, and the discipline of accounting for, and managing information as any other enterprise asset. The principles of Infonomics include Information being an actual asset, with quantifiable potential and realized value, which should be maximized to help budget IT and business initiatives. In other words: information should be managed like any other asset in your enterprise.
Based upon my keen interest in the CIO priorities for 2013, it was with great interest that I read an HP newsletter titled “Collaborate to maximize business value from strategic information, featuring a Gartner research.” This paper defines Strategic Information Management for the enterprise, and highlights specific calls to action for the CIO in this context. Based on the focus information—the most valuable asset in the enterprise—deserves in the new world of the CIO, this role should be labeled Chief Officer for Information. The newsletter mentions four calls to action for the CIO, which reinforce this observation.
“Data is big—and getting bigger and it has become untenable to manage all of this data with traditional IT approaches, architecture, and processes” with this statement Brian Ng, IM&A Worldwide Portfolio Lead, opened his presentation titled “Big Data. Big Opportunities” at HP Discover in Frankfurt.
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