Thursday, November 30, 2017

Generate revenue from your data

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Birst


Data Commercialization: A CIO's Guide To Taking Data To Market

Dear David,

According to Forrester, top performing companies are commercializing data at a higher rate than peers, delivering data-driven insights in addition to their standard offering. This trend cuts across industry, company size, and market segment. These new insights, based on aggregated and benchmarked data, bring value to customers and create differentiation in competitive markets.

Download this complimentary Forrester Report: Data Commercialization: A CIO’s Guide To Taking Data To Market to learn best practices for becoming a data leader.

Sincerely,
Pedro Arellano
VP, Product Strategy







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Word of the Day: business case

Word of the Day WhatIs.com
Daily updates on the latest technology terms |November 30, 2017
business case

A business case is a written or verbal argument that is intended to educate a decision maker and convince them to take some kind of action. When written, the document itself is sometimes referred to as a business case.

At its simplest, a business case could be a spoken suggestion. Short-term actions leading to immediate, measurable and substantial benefits are generally the easiest to argue. For example, if a restaurant's manager notices that the business doesn't make enough money on Sunday evenings to cover operational costs, presenting that fact to the owner may be compelling enough to make the business case for closing the restaurant at 5 p.m. on Sundays.

For more complex issues, a business case should be presented in a carefully constructed document that provides the reader with information about the risks and rewards involved in taking action and, conversely, not taking action. A well-crafted business case explores all feasible approaches to a given problem so that responsible parties can select which option serves the organization best.

Standard components of a business case include:

 

Executive summary
This high-level view explains, in a condensed form and plain language, the problem that the proposed project is intended to solve, possible solutions, the desired outcome, resources required to achieve the desired outcome and the anticipated return on investment (ROI).

The problem statement
This section clearly identifies what issue needs to be addressed.

Analysis of the situation
This section provides more context, explaining how the problem came about and what the repercussions would be if no action was taken. The conclusion of the analysis should lead naturally to the next section.

Options
In this section, the writer identifies potential solutions to the problem and provides sufficient detail for the reader to understand them.

Cost-benefit analysis
This section evaluates the costs and benefits for each potential option, including the proposed solution to the problem and any likely alternatives -- which include, of course, taking no action at all.

Recommendation
In this section, the writer makes a recommendation for how to address the issue described in the problem statement.

Project proposal

This section provides the reader with details about how the recommended solution will be carried out. It includes estimates of required resources, including personnel, time and budget.

Quote of the Day

"While ideally a business case should be established first, customers sometimes look to start by doing a proof of concept or a pilot." - Srinivas Bhagavatula

 

Trending Terms

ROI
business rules management
venture capital
stakeholder
acquisition plan
project charter

 
Learning Center

How do you measure collaboration ROI?
Unified communications expert Jon Arnold discusses what metrics are needed to measure collaboration ROI in a UC platform deployment.

User behavior analytics: Building a business case for enterprises
User behavior analytics is an emerging security technology that involves several components. Here's what enterprises should know.

Making the business case for your IoT initiative
Without a clear ROI, IoT may never make an impact. Mindtree's Srinivas Bhagavatula offers five questions to ask when determining the business case for IoT.

The business case for mobile app development platforms
Mobile app development platforms are a wise strategy in today's mobile world, and these five use cases can help buyers make the best purchasing argument.

Crafting a cloud business case execs can't resist
While the cloud offers a range of benefits to the enterprise, not all business leaders are on board with a cloud migration. Luckily, a solid cloud business case can change their mind.

Writing for Business

Can you show me some of the case studies on results-only work environments? You haven't sold me yet but I'm ___________.
a. interested
b. not uninterested
Answer

 

Stay In Touch
For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com

 

Visit the Word of the Day Archives and catch up on what you've missed!

 

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Machine learning gets automated for business users; Panera orders up a big data architecture

Information Management Digest

A roundup of information management content from TechTarget's network | Nov. 30, 2017

TechTarget
FEATURED STORY
Automating machine learning puts analytical models on autopilot
By Ed Burns, Senior News Writer

With data scientists in short supply and the value of machine learning models growing ever more evident, software vendors are increasingly looking to automate the machine learning process for business users who aren't analytics experts.
(SearchBusinessAnalytics.com)

Advertisement
NEWS
 
Panera meets big data challenge of lunchtime operations

In the era of more and more digital orders, Panera Bread encountered big data challenges that led the restaurant chain to deploy Hadoop, Spark and other new technologies.
(SearchDataManagement.com)

 
Visual data exploration a key first step for deeper analyses

Visual data analysis is an important first step in any advanced analytics project -- and data scientists and other analysts who overlook it do so at their own peril, experienced users warn.
(SearchBusinessAnalytics.com)

 
Data-driven policing strategies bring new look to public safety

Analytics and new data sources are opening the door for municipalities to deploy big data policing strategies that can improve emergency response times, a software vendor exec says.
(SearchBusinessAnalytics.com)

 
Taking stock of Oracle's latest
AI application, database moves

Consultant Holger Mueller gives his take on recent Oracle AI developments, including its autonomous database, and discusses the new recruiting module in Oracle HCM Cloud.
(SearchERP.com)

EXPERT ADVICE
 

Hire vs. train data scientists:
The case for each approach

Hiring data scientists is easier said than done -- so should you try to train current employees in data science skills? That depends on your company's needs, writes one analytics expert.
(SearchBusinessAnalytics.com)

 
Database technology 101:
What is Google Cloud Spanner?

Google Cloud Spanner is a distributed relational database service that combines SQL and NoSQL traits and runs on Google Cloud. Get up to speed on the technology and its potential uses.
(SearchDataManagement.com)

About This E-Newsletter
This e-newsletter is published by the TechTarget network. To unsubscribe from Information Management Digest, click here. Please note, this will not affect any other subscriptions you have signed up for.

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Copyright 2017 TechTarget. All rights reserved.
TechTarget

EKS, Fargate shake up AWS containers; Standardize your DevOps tool stack; and more

Modern Infrastructure Digest

News and advice for creating tomorrow's data center | November 30, 2017

TechTarget
FEATURED STORY
EKS and Fargate spice up AWS container choices

By Beth Pariseau, Senior News Writer

The long-awaited AWS Kubernetes service, EKS, has arrived to manage masters and upgrades, while Fargate abstracts away container clusters altogether. (SearchITOperations.com)

Advertisement
NEWS
 
Less is more when it comes to a DevOps tool stack

Enterprise IT shops share how they standardize a DevOps tool stack that works for developers, testers, operations and the business. (SearchITOperations.com)

 
Azure Migrate service takes aim at VMware workloads

Microsoft hopes a new Azure migration service will steer VMware applications to its public cloud and cut VMware out of the mix. (SearchCloudComputing.com)

EXPERT ADVICE
 
Improve Linux management with System Roles
While still in technology preview, IT can use Red Hat System Roles to increase node management efficiency with an Ansible playbook. (SearchDataCenter.com)
 
Use ESXi Autostart to make patch management easier

ESXi Autostart makes patch management easier for single or multiple hosts. Use VMware host settings to enable Autostart and change the order of VMs. (SearchVMware.com)

 
Hyper-V Gen 2 VM pop quiz
Hyper-V Generation 2 VMs support different guest OS versions, hardware and features than those supported by Gen 1 VMs. See if you're an expert on the two types. (SearchServerVirtualization.com)
 
Security patching isn't optional in modern IT
Patch validation keeps IT infrastructure stable and secure. Develop a security patching process to protect data, with dedicated staff or as-a-service tools. (SearchITOperations.com)
 
Unexpected tasks are inevitable, but manageable, in IT
Make planned and especially unplanned work visible -- then wrangle it under control -- with this manual of best practices and exercises. (SearchITOperations.com)
 
Nested virtualization set to grow with Google Cloud
Google Cloud nested virtualization has prompted wider adoption of the technology, primarily because of the enhanced portability of on-premises workloads. (SearchServerVirtualization.com)
 
How is VMware AppDefense suited for hybrid environments?

VMware AppDefense is ideal for hybrid environments because it protects both on-premises and public cloud workloads. (SearchVMware.com)

 
In crowded SDS market, find the right match
Continued progress in software-defined storage products can make life difficult for enterprise IT. Evaluate vendor and implementation decisions to stay ahead. (SearchDataCenter.com)
About This E-Newsletter
This e-newsletter is published the TechTarget network. To unsubscribe from Modern Infrastructure Digest, click here. Please note, this will not affect any other subscriptions you have signed up for.

TechTarget Data Center and Virtualization Media Group, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget.com

Copyright 2016 TechTarget. All rights reserved.
TechTarget

Why you should look into an IT certification

TechTarget
Business Technology Research     November 30, 2017
TechTarget
IN THIS ISSUE
Why you should look into an IT certification
SPONSORED BY: Global Knowledge
94% of IT decision makers believe having a team member with an IT-related certification brings added value above and beyond the cost of a certification. Take a look at this whitepaper to learn what other trends are on the mind of IT pros like yourself, and what might be worth looking into for 2018.
3 tips to align your virtual environment and data center
SPONSORED BY: Commvault
Your hybrid IT strategy needs to include a plan for modernizing the data center assets you own and operate, including the virtual environments that you rely on every day. Discover how to avoid adding a new management tool for every new piece of infrastructure or cloud that is adopted into the hybrid IT estate.
How to craft your own social customer service strategy
SPONSORED BY: Zendesk
One of the first challenges to providing great customer service is where to focus your time and resources. Providing great customer service through social media can be a way to get around this hurdle. Learn how you can get started with developing a social customer service strategy of your own.
How Exxel Outdoors grew their brand with an ecommerce platform
SPONSORED BY: BigCommerce
Exxel Outdoors, a sports and outdoors company, faced a problem: The headache of managing various content and ecommerce systems was weighing on their small team. In this case study, learn how Exxel Outdoors was able to manage their sites effectively and grow their mobile brand with an ecommerce platform.
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