As big data continues to expand, companies are faced with both new opportunities and challenges. Businesses can uncover new insights or strategies with big data, but they have to take care not to be overwhelmed by the mountains of information. As any data expert can tell you, a smaller amount of organized, smart data is much more useful compared to an ocean of unstructured data, especially given the increasing costs of data storage.
Big data thus requires proper management which ensures that the company can easily access and protect their information resources at the same time. Here are some important things to note both about the science of data management as well what managers can do.