This document discusses challenges and opportunities for companies to gain competitive advantage through leveraging big data and data analytics. It notes that (1) enterprises can gain operational advantages by leveraging social, local and mobile technologies to generate insights from individual data, (2) commonly used information architectures do not effectively support collaboration and sharing of all types of information across networks, and (3) companies must address both collaboration/communication and making sense of vast information streams. The document then provides statistics on growth of digital data and challenges of analyzing unstructured data to reveal relevant insights.