Redefining the Data Management Strategy: A Way to Leverage The Huge Chunk Of Data
Chief Information officer ,Mr. Arun Kumar of ABC corporation was watching Television news and seen that huge IT giants like IBM are leveraging upon their existing database to manage and exploit their huge chunk of data to satisfy the needs of their customer in the most appropriate manner .So Arun was thinking of managing the data in his organization and leverage upon the optimal utilization of data so as to come up with best feasible solutions for his clients and satisfy the needs of his clients
Considering the abundance of data available in the globalized economy by business, consumer, suppliers and market. Mr Arun understood that Utilizing this huge chunk of data is extremely important for their businesses to succeed. On the recommendation from Arun, ABC corporation conducted a study to understand the various source of information and they found that the data comes from social media, machines, sensors, staff email, etc .To leverage upon this huge chunk of data and gain a competitive advantage over rivalries there is a requirement to redefine the data management strategy. In the past the company was known to the clients for on time delivery of the project and for satisfying each and every requirement of the client in most appropriate manner but as the popularity of the company has grown its client base also grown significantly as a result company is not able to manage the current client base and faces regular complaints from its clients regarding the quality of the deliverable as well as about the deadline not being met by the developers. Mr. Arun Kumar is thinking of optimizing the current the existing knowledge database present in the company and deliver the best and timely solution to his clients using the plethora of data in the company. So the challenge with ABC Corporation is to build a knowledge network solutions for its employees which contain the most relevant data so that using that they can deliver the best to their customers.
Development Process used by the Company