Data Analytics and Machine Learning Playbook 1644741143
Data Analytics and Machine Learning Playbook 1644741143
DATA,
ANALYTICS, and
MACHINE
LEARNING
1 u
Introduction Contents
Organizations that once stored gigabytes
of business data now find themselves swimming in
u The cloud is also the conduit to highly accessible,
pay-as-you-go compute and storage resources,
3 Wdata-driven
anted: A modern,
enterprise
petabytes or even exabytes of information. Harnessing which makes it easy for organizations to scale based
the value of these massive data volumes requires a
modern, cloud-based data infrastructure that unifies
on need while harnessing and analyzing every last bit
of data for critical business insights.
4 imitations of
L
monolithic architectures
5
disparate information silos. This approach creates a
Organizations now have the opportunity to marshal The benefits of a
universal version of “truth” and empowers everyone in
data, analytics, and machine learning (ML) to promote
cloud-based data foundation
an organization to make more informed decisions and
act with confidence. critical business decision-making. Such data-driven
insights can guide countless business scenarios, 6 How to democratize your data
8 Gwith
A few key trends have brought us to this point: including: et more from your data
u The digitalization of businesses, coupled with a u Launching new product offerings machine learning
borderless Internet that extends application reach
10 Klearning
u Innovating on new business models or revenue
anywhere, has given rise to unprecedented data eys to scaling machine
streams
growth from mobile devices, IoT devices and sensors,
12 5modern
cloud-based apps, social media, log files, click-
utomating manual processes to improve efficiency
u A
Amazon.com
Amazon.com once maintained one of
the biggest Oracle data warehouses in the
world, but it wasn’t enough to keep pace
with Amazon’s growth.
Equinox Media
As COVID-19 bore down in the spring of
2020, fitness brand Equinox recognized
the need to fast-track the launch of its
Variis online fitness streaming platform.
With the company anticipating a surge in
demand for in-home fitness services, the
development team looked to learnings
1
Go beyond “executive sponsor-
ship” to “executive engagement”
by making visible changes, starting at
the top, to put data to use across the
enterprise.
2
Focus on creating a data-driven
culture and building organiza-
tional capabilities to support the
culture, at a scale beyond just a few
How to democratize your data islands of excellence.
3
Embrace data-driven experi-
Modern data management and analytics tools, Ishit Vachhrajani, Enterprise Strategist at AWS and the mentation to test many ideas and
combined with cloud-based infrastructure, provide the former Global CTO at A+E Networks, prefers the term continually improve the business.
underpinnings of a unified, holistic view of data across “data proficiency” to data literacy, because the goal
4
the enterprise. But tools are only as good as the people goes beyond data awareness to knowing how to put it Use a strong foundation of data
who use them. What most often trips up data-driven to use. “It’s not just about democratizing access to data,” analytics to power transforma-
initiatives are corporate culture challenges and low he says. “It’s about democratizing action using that tion using artificial intelligence
levels of “data literacy,” as New Vantage Partners and data.” and machine learning.
other researchers have noted.
5
Vachhrajani recommends the following steps to create a Eliminate silos by treating data
A critical step toward becoming data-driven involves data-proficient culture: as an organizational asset, not a
better education and understanding of the value of departmental property, and by bring-
u Investigate how data flows in your organization
data, from the CEO on down. The goal is to put data in ing data transparency and account-
and what gatekeeping controls are in place. This
the hands of everyone and enable them to use data for ability to the entire enterprise.
helps uncover data silos and gauge the level of diffi-
everyday choices, not just big decisions.
culty for employees to access the data they need.
78%
of organizations are
3 M
odernize
1 Break free your data warehouse
from legacy databases 4 B
uild
modern apps with
purpose-built databases
5 T
urn
data into insights
A STRATEGIC PLAYBOOK FOR DATA, ANALYTICS, AND MACHINE LEARNING IDG Communications, Inc.
12 t