{"id":804,"date":"2014-11-11T10:55:52","date_gmt":"2014-11-11T15:55:52","guid":{"rendered":"https:\/\/solutionsreview.com\/business-intelligence\/?p=804"},"modified":"2016-09-29T14:58:57","modified_gmt":"2016-09-29T18:58:57","slug":"how-data-is-changing-the-way-businesses-do-business","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/","title":{"rendered":"How Data is Changing the Way Businesses Do Business?"},"content":{"rendered":"<p><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2014\/11\/2014-Big-Data-Perfect-Storm.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-806\" src=\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2014\/11\/2014-Big-Data-Perfect-Storm-175x150.jpg\" alt=\"Big Data Perfect Storm\" width=\"175\" height=\"150\" \/><\/a>Last month, I spoke to the CIO of a retail chain and asked him some questions about the topic of big data. One question that I asked that still resonates with me was \u201cdo you feel that you are getting value out of your big data initiatives?\u201d He laughed and said, \u201cI\u2019m not sure. We get both historical and real-time data, but I don\u2019t think we are far along in building the process required to act on that information.\u201d \u00a0The reason I bring this up is because I recently read an article from SmartData Collective called \u201c<a href=\"https:\/\/smartdatacollective.com\/joshua-new\/280076\/all-businesses-stand-benefit-big-data\">All Businesses Stand to Benefit from Big Data<\/a>\u201d that reminded of this exchange.<\/p>\n<p><strong><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/free-2014-business-intelligence-solution-vendors-buyers-guide\/\">+ Check Out a Free\u00a02015 Business Intelligence Tools Buyers Guide<\/a><\/strong><\/p>\n<p>The article I read was written by Joshua New, Policy Analyst at the Center for Data innovation, and it chronicles a conference hosted by the U.S. Chamber of Commerce Foundation to discuss how data is changing the way businesses do business.\u00a0 The conference was focused on the Foundations report and included themes such as how data is driving the economy, the policies need to promote data innovation, and how data can be used for social change. The panels that participated each touched on the theme that all businesses can be innovative with data to produce major benefits for both the enterprise and community. Below is a bulleted list of discussion topics covered by the panels. To read the article in full, please click here.<\/p>\n<ul>\n<li>One topic discussed addressed privacy concerns might inhibit public willingness to support companies that relied on data collection and analysis.<\/li>\n<li>One topic was the under use of data sets. \u201cMost firms estimate they only analyze 12% of the data they collect.\u201d (Sutor)<\/li>\n<li>One panelist sees Watson as a tool to help industry better take advantage of this data in a time when \u201cthe volume, variety, velocity, and veracity of data is creating an unprecedented opportunity.<\/li>\n<li>One discussion was around the lack of access to raw data, weak data flows across borders (i.e. \u201cdata nationalism\u201d).<\/li>\n<li>One panelist stressed the need for data and computer science education at all levels.<\/li>\n<li>One panelist highlighted the notion that access to information is a social good, and that big data can be leveraged to pursue philanthropic goals alongside business goals.<\/li>\n<li>All panelists agreed that data will soon be the biggest driver of the economy.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/smartdatacollective.com\/joshua-new\/280076\/all-businesses-stand-benefit-big-data\">Click here<\/a>, to read each topic in full from the article, \u201cAll Businesses Stand to Benefit from Big Data.\u201d<\/p>\n<h3>Check out these additional resources:<\/h3>\n<p style=\"text-align: center\"><div class=\"box box0\"><div class=\"column one-third\"><strong><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/get-a-free-business-intelligence-software-buyers-guide\/\" target=\"_blank\">2016 Business Intelligence and Data Analytics Buyer\u2019s Guide<\/a><\/strong><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/get-a-free-business-intelligence-software-buyers-guide\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-145 \" src=\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2016\/01\/oie_transparent.png\" alt=\"BI_Data Analytics_Buyers_Guide_Cover_350\" width=\"181\" height=\"150\" \/><\/a><\/div><\/p>\n<p style=\"text-align: center\"><div class=\"column one-third\"><strong><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/buyers-matrix-report-business-intelligence-solutions\/\">BI and Data Analytics Buyer\u2019s Matrix: Comparing 28 Vendors Features<\/a><br \/>\n<\/strong><a href=\"https:\/\/solutionsreview.com\/business-intelligence\/buyers-matrix-report-business-intelligence-solutions\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-599 \" src=\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2015\/06\/BI_Buyers_Matrix_Report_Transparent-235x203.png\" alt=\"Business Intelligence Solutions Buyers Matrix Comparison\" width=\"174\" height=\"150\" \/><\/a><\/div><\/p>\n<p style=\"text-align: center\"><div class=\"column one-third last\"><a href=\"https:\/\/www.pentaho.com\/resources\/gartner-magic-quadrant-business-intelligence-analytics-platforms-2016\"><strong>Gartner Magic Quadrant for Enterprise BI and Data Analytics<\/strong><\/a><br \/>\n<a href=\"https:\/\/www.pentaho.com\/resources\/gartner-magic-quadrant-business-intelligence-analytics-platforms-2016\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-535\" src=\"https:\/\/solutionsreview.com\/identity-management\/files\/2016\/06\/Gartner-IDaaS-Magic-Quadrant.png\" alt=\"Gartner Magic Quadrant Enterprise Business Intelligence\" width=\"139\" height=\"150\" \/><\/a><\/div><div class=\"clear\"><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month, I spoke to the CIO of a retail chain and asked him some questions about the topic of big data. One question that I asked that still resonates with me was \u201cdo you feel that you are getting value out of your big data initiatives?\u201d He laughed and said, \u201cI\u2019m not sure. We [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Data is Changing the Way Businesses Do Business? | Solutions Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Doug Atkinson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/\",\"url\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/\",\"name\":\"How Data is Changing the Way Businesses Do Business? | Solutions Review\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2014\/11\/2014-Big-Data-Perfect-Storm.jpg\",\"datePublished\":\"2014-11-11T15:55:52+00:00\",\"dateModified\":\"2016-09-29T18:58:57+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/#\/schema\/person\/5992f02d38e7b28251ad933cd131dcae\"},\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2014\/11\/2014-Big-Data-Perfect-Storm.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/business-intelligence\/files\/2014\/11\/2014-Big-Data-Perfect-Storm.jpg\",\"width\":600,\"height\":270,\"caption\":\"Big Data Perfect Storm\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/how-data-is-changing-the-way-businesses-do-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/business-intelligence\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Data is Changing the Way Businesses Do Business?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/#website\",\"url\":\"https:\/\/solutionsreview.com\/business-intelligence\/\",\"name\":\"Solutions Review | Business Intelligence &amp; Analytics\",\"description\":\"Enterprise BI software reviews, buyer\u2019s guides, and expert insights from industry leaders.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/solutionsreview.com\/business-intelligence\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/#\/schema\/person\/5992f02d38e7b28251ad933cd131dcae\",\"name\":\"Doug Atkinson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/business-intelligence\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/092cfcbe5c7f2c185c21f152aada2d2f?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/092cfcbe5c7f2c185c21f152aada2d2f?s=96&d=blank&r=g\",\"caption\":\"Doug Atkinson\"},\"description\":\"An entrepreneur and executive with a passion for enterprise technology, Doug founded Solutions Review in 2012. 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