BLOG

How to Build a Connected Big Data Ecosystem in 4 Simple Steps

Dec 23, 2019

We live in the big data era where tumultuous shifts are underway in BI, analytics, and data management, prompting enterprises to take a new perspective on creating a big data ecosystem. Also, owing to the ongoing developments, big data ecosystems are no longer the outmoded, insular systems contained within corporate walls. The ability of businesses to interpret data and act on insights can be augmented using a connected big data ecosystem that includes a complex network of applications, infrastructure, and advanced big data analytics tools that help capture and analyze data. As a result, enterprises are not just looking at revamping their big data ecosystem but are learning to integrate expertise and insight to drive growth and innovation.

Though the dynamism in the market and ever-evolving trends impact the big data ecosystem and its ability to generate comprehensive insights, our big data analytics experts have identified four crucial steps that form the basis of a connected data ecosystem.

Enterprises are looking to gain better insights by tapping into third-party data sets that not just offer new opportunities but pose several challenges. Request for a free proposal to learn how to tackle those using big data analytics!

Steps to Build a Modern Big Data Ecosystem

Step 1: Data Discovery & Repository Creation

The first step in building a big data ecosystem revolves around collecting data and analyzing their sources while creating a unified source of truth. In an urge to devise a connected big data ecosystem, businesses tend to gather information from disparate sources across the organization and then integrate domain-specific data pre-processing techniques & build big data and machine learning models to address critical issues. By adopting such an approach, businesses end up creating their version of a single source of truth and continue benchmarking results unaware of its impact on the business process. To avoid such issues, it’s essential to create a single source of truth that unifies domains and promotes collaboration to build and deliver a 360-degree view of the business goals.

Step 2: Centralized, Connected Big Data Ecosystem Design

Quantzig’s approach to devising a connected big data ecosystem depends on the level of analytical maturity within an organization. Before designing the centralized data ecosystem, our big data analytics experts suggest businesses must conduct an analytical maturity assessment that can offer insights on the right tools, the approach, and technology based on the business goals. Having worked with business leaders from different verticals, we do see a growing trend toward the deployment of a robust, organized big data ecosystem that can power the next wave of data-driven decision making at scale. By analyzing the analytics maturity of our clients and assessing the ideal characteristics of a data repository, we help prospects design a centralized big data ecosystem that aligns with their goals and helps fuel growth and profitability.

Looking for customized big data and machine learning solutions? Request for a free demo to get a glimpse of our analytics platforms and the services we offer.

Step 3: Data Collation & Analysis

Mastering data collation and analysis is how businesses today avoid flying blind. Increasingly, this requires tapping into insights from external data sources and a growing number of businesses are doing so in pursuit of a competitive edge. However, the actual data analysis begins after designing the big data ecosystem. A robust data repository plays a vital role in helping businesses collect and analyze data from disparate sources. With the unrelenting pressures to innovate and grow, companies must consider enhancing their ability to collate, segment, and analyze data using a connected, evolving big data ecosystem. Through our advanced big data analytics solutions, our team of data scientists, evangelists, and analysts help clients unravel new insights from the data they possess.

Step 4: Insight Generation Using Big Data Analytics

The final step in creating a connected big data ecosystem revolves around insight generation and all the processes that help analyze data. During this phase, our analytics experts collaborate with representatives from various teams within your organization to communicate the finding and share personalized recommendations to meet your business goals and KPI’s. Once a strong foundation for insight generation is set, the processes can be duplicated to ensure your teams are abreast of the latest findings and can leverage new insights to inform decision making.

Want more insights on creating a big data ecosystem? Request for more information right away.

With the ongoing developments and technological advancements across industries, the big data ecosystem of businesses will continue to lag, leading to challenges in data analysis and insight generation. These challenges are poised to present major opportunities for those who can leverage big data analytics to meet the evolving market needs.

 

 

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Blogs

Different Types of Retail Stores in Today’s Marketing World

Different Types of Retail Stores in Today’s Marketing World

If you compare the retail scenario now to that of the early 80s and 90s, you will notice a considerable difference in the type of retail stores that exist. One of the main reasons for this change is the rise of the marketing era. Retailers began to realize that giving...

read more

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.