Advantages and disadvantages of Big Data

1. Big Data is
the 21st
century OIL

2. is meaningless
without context

3. We are the one
who creates
meaning from
structured/
unstructured data.

4. Our decision can be
precisely WRONG even
after efficient
calculations on this
huge amount of data.

6. Critical Thinking is an
essential skill for
handling this sea of
data.

7. Make sure that the
analyzed data is
relevant to the
solution of the
problem

8. When Analytics
overvalue one
metric, we get
the wrong insight
deviating from
the central idea.

10. Where and how can a
manager use all these
information?
• For maintaining a very good culture
at office a manager should focus on
the bigger picture during a conflict
• He has to consider the possibility
that facts can mislead most of the
time.
• Hire people who are graduates of
highly computational studies that
involve mathematics in it.
• Saving time using Data Science.
• He should interlink most of the
problems

11. • Interlinking problems would save a lot
of time
• Big data can be harnessed with the
help of some technology
For instance:
• Technologies such as IBM Watson
(Artificial Intelligence) would save a lot
of time.
• Be it a doctor, engineer, marketer,
lawyer. AI can predict the possible
outcomes giving us the Archimedes
lever for making a decision.

12. • Structured big data can be used for
analysis that would help us to predict
the future or to resolve the past
constraints.
• A good manager should ignore the
occurrence of an issue in the first place.
• Sales forecasting, Productivity Metrics
Reviewing, Effort estimation, financial
Cost models constitute huge amount of
data.
• A manager should utilize all the
technologies available till date for
ensuring the quality of the deliverable.

13. • Organization Culture is
extremely important for
making it to thrive for a long
time.
• Professionals achieve their
target easily with some
assistance from a leader.
People don’t actually quit
companies. People quit their
managers.

14. • Manager has to consider the possibility
of chaos.
• Only then it can be avoided or mitigated.

15. Big Data is not that
big after all