When Big Data Becomes More Valuable Than Your Products/Services: | Blog | Secure Application

When Big Data Becomes More Valuable Than Your Products/Services:

Tuesday, May 24, 2016

Posted by - Comments(0)

My take: Eventually any company expecting to compete effectively must become a software company, where data is the primary asset driving business strategy and revenue. Going a step further, by monetizing big data, companies are creating new revenue streams that will actually eclipse the value of a company’s existing products or services over time. This is supported by the EMC and Capgemini study as well: “Among our respondents, 63% consider that the monetization of data could eventually become as valuable to their organizations as their existing products and services.”
The question is how to find gold in the flood of data flowing in and out of the organization to compete effectively, especially against new digital startups. To answer this question, I spoke to Capgemini’s Global Vice President for Big Data Steve Jones who strongly believes the answer lies within the power of a business data lake.