Today, data is a powerhouse for generating business and exploring growth. And, the beauty is – it doesn’t do anything unless someone know how to explore it. It is never been so easier to solve business problem and uncover new opportunity in ‘big data’ field. As we know, Big Data refers to the data comes from millions of sources i.e. from social media, emails, surfing, cell phone signals, sales transactions, etc. All these data that can be stored can call – big data. To use these data i.e. big data, for the business purpose, we need in-house big data team or we need a big data partner who can help to collect, store, process, analyse, and provide greater insight for decision support.
All these data that can be stored can call – big data. To use these data i.e. big data, for the business purpose, we need in-house big data team or we need a big data partner who can help to collect, store, process, analyse, and provide greater insight for decision support.
Today’s business is increasingly competitive, focus on goal orienting and cost conscious. Companies are always vying for increasing their revenue and optimizing the cost. To increase the revenue, they need to work on different areas of their business to expand. For this purpose, big data is one of the best and cost effective solutions. To get solutions from big data, companies need to engage with right big data partner who can listen their needs or problems and give most appropriate and cost effective solution. Any business will be more successful if they partner with others, because two different minds can bring more and different ideas. In a study by the Council and Business Performance and Innovation Network 85% of executives stated that strategic partnerships is the key factor to their growth plans.
Key points to remember while looking for a big data partner:-
Decide on what you want: – If you are looking for a big data partner then you must be clear on what you want. You will have to go with business problems or with the area where you want to apply big data insight.
Do research and understand the market – Before going for any decision you must have understanding of current market. For this you should go for a research of current market & understand the market carefully that your decision to go for a big data partner suits your business or not.
Ask for case studies and reference – Always before the engagement with any vendor ask for their case studies & work. It will help you to understand their potential.
Talk to people on the ground – Look for the companies to whom they provided their services in past. Contact those companies & ask them about their feedback about the vendor. It will help you to prevent the wrong selection of big data partner.
Keep a few conversations before sign off – Always go for some meetings before making deal final. During the conversation try to judge their potential & understanding of the problem or requirement. It will show their seriousness regarding the project.
Start small (POC) – Before engaging with a big data partner ask for a POC. It will help you both. You will be able know about their potential & work and they will understand about your requirement more clearly.
It is always not that easy to identify a securing and promising partner in big data field. Success comes when the partners who are fully dedicated and directed towards the solution and oriented towards outcome based model.
For Data Integration issues– With the help of these partners who are working in the field of data integration you can reduce the effort to manage and synchronize the data integration or data collection related works.
For Analysis issues– These are the people who can help you in analysing the big data. They are having a group of analyst for analysing big data.
For Design issues– An organization can work with partners for research questions and to design and develop projects that address the relevant challenges.
For Tools– This partnership will help to identify the appropriate tools and technology for the data processing work.
Consultancy services– This type of partners enable the company to integrate and improve data through advanced data integration and master data management with appropriate governance and control under the experts of relevant field.
Big data plays an important role in strategic partnership. Big data partners help you to identify opportunities more easily without any competitive tension and cost pressure. While choosing a big data partner, first of all you should list out your needs that you want from your partner. Then go for the services than can be provided by the big data company whom you are choosing to become a partner and then go for the answers of these questions “How can this partner help me in my business? Are they the same, regarding the needs that we are looking for?” If the answer of these question is same as your needs then you are on the right way to choose right big data partner.