Big data – big trouble or big returns?

mickyates Analytics, Business, Leader, leadership, Technology Leave a Comment

Just like everything else in this world, leadership is in a state of constant evolution. Stop for a second and ask: What are the traits of a great leader today? Are the boss and the leader the same person where you work? Maybe…but not always. Managers do their jobs by the book – but leaders are here to innovate. Leaders aim to create new operating models, spark innovation and creativity, and eventually, change the rules on the market. These strange times are bringing something new to the table. A flood of almost biblical proportions, the never-ending sea of data is available to anyone. You can’t turn your back to that tide because it is only going to grow. So, leaders, today are faced with completely different challenges – they need to follow trends and act fast. Most importantly, leaders should teach others to adapt faster and provide the transparency of important analytics. Technology is changing our world. Devices may become obsolete rapidly but data remains our most valuable asset. If you lose your pace in the market, it is hard to revive it. A great leader is someone who can bring order to all of the chaos. But as you’ve probably assumed – that is easier said than done. It is a survival of the fittest society again, but this time with technology. The company with the biggest, fastest, most utilized data will reign as King of the Tech Jungle. So what are the actionable steps leaders can utilize to help the entire organization embrace big data?

Prioritize – Making data your most valuable asset

People tend to look at the concept of big data too broadly. But the truth is, it’s not actually big data. It’s massive. We are talking about 44 trillion gigabytes of data. That number just keeps multiplying while the seconds pass. The sooner you establish a data-driven culture in your company, the faster you will reap benefits from it as a whole. It is important for everyone to understand the importance of data and make it the most valuable asset in your company. Times are changing and it’s not always about the money. As the leader, it is your main assignment to identify priorities and centralize them as the company’s mission for all employees. It is not enough to have a team of data scientists – management has to invest money to create new infrastructure, acquire the new technology, and provide the right training for future leaders. Everyone has to be included. Why? Empowering quicker decision making by your employees is possible when everyone is on the same page. Decision making is critical to a company’s growth and sustainability. A data-driven culture can help with accurate predictions; companies can then address some issues before they escalate.

Strategize – It’s not always about moving forward

In the world of data, the market is like a chess game. Every leader knows that. You need to take the right step at the right moment. So you must be ready to choose the right strategy to build momentum when the perfect opportunity approaches. It sounds complicated because it is. The most important thing you have to know is that success doesn’t move in a constant line on an upward incline. It’s a messy, squiggly scribble that goes in all directions. Occasionally, it helps to take one step back and evaluate where your organization is heading. Regroup your forces and focus on strategic planning. Is this the right time to improve your existing infrastructure? Or is this the time for new strategic partnerships? If you’d like insight, you can always find the right custom development software company and learn about your best options. Every company has different needs, so you need a unique solution for quicker reaction on data expansion and new changes in the market.

Optimize – Explain the financial impact

What happens if decision-makers in your company don’t buy your claim that big data is Asset #1? Good leaders need to find a way to explain and justify the use of big data. The best example is, of course, financial impact. If they haven’t accepted data as king, money will play a big role. Use unique metrics to explain your situation – where is your company now, what its earning potential could be, and what role big data could play in that. For people who don’t understand the data influx culture we are in now, your metrics will be shocking. Mark the largest draughts of resources and analyze your competition – what are your main strengths? By defining those and utilizing big data projects, you will finally be able to move on profitability with the shortest turnaround. Remember what your top priority is as a leader – providing insights to customer’s behavior. Then, plan your financial steps and seize the opportunities. Always be aware of the risks– they are part of every success.

Stabilize – Data handling and warehousing systems matter

As we mentioned before – all companies are different when it comes to handling and warehousing data. Unfortunately, there is not yet an ‘’Ultimate Guide for Handling Data – Leader edition’’. Of course, there are certain variations by industry, by project size, and by data type. There are enormous streams of raw data that need to be prioritized and analyzed. Once the data is prioritized through different kinds of internal audits, leaders can determine the next steps in making critical decisions. Soon your company will reach another level and you will need more sophisticated systems and frameworks for data warehousing. That brings up big questions about data security – so safety comes first. For a great leader, the top priority must be finding a solution that will provide you with a lot of space for stable growth.

Remember big data may be massive, but don’t be scared of it. Because big data doesn’t make the decisions, big leaders do.

The Advantages and Challenges of Online Learning – Zara Lewis

mickyates Academic, Career, Education Leave a Comment

When online learning became available, it was a pretty big deal. It meant that those who were previously unable to attend college or find the time to further their education now had a completely new option at their disposal, and a lot of people jumped on board. While some remained unimpressed, most of us quickly realized the potential it had to transform our lives and help us achieve new heights of success. Are you interested in starting an online course or want to know more about the challenges e-learners face? Then take a look at our list of great advantages, but also some problems you might have to deal with on your path to education.

You’ll have a ton more flexibility

There are many ways to learn something online, and the future trends tell us that it’s becoming even easier to pick up a new skill as long as you have internet access. Not only can you learn whenever you want, but you can also adjust the length of a class to suit your schedule. It’s very easy to work and study at the same time, and even the busiest of lifestyles can accommodate an e-course. There are many options when it comes to the material at your disposal as well—from learning German through Duolingo to getting an actual Bachelor’s degree in computer sciences from famous universities. The fact that you don’t have to commute is also a huge time-saver because everything can be done from the comfort of your own home.

You’ll have to rely on yourself for motivation

The fact that you don’t have anyone nagging at you to come to class can be a great blessing, but it can also be a curse. You’ll have to become really good at managing your own time, and you’ll also have to keep pushing yourself to avoid getting complacent and procrastinating. To help you manage this, try finding student forums and chat rooms so you could share your experiences with individuals who are in the same boat. Use this as an opportunity to become more self-reliant and learn how to make a schedule and stick to it.

There’s no reason not to combine traditional and online learning

In countries like Australia, there’s a rising trend of students who attend traditional colleges and have absolutely no qualms about supplying their studies with online classes or using e-learning platforms to get familiar with things they can’t learn in class. You can really study anywhere if you have a computer and internet access, so most people will look for appropriate student accommodation in Brisbane that offers a cozy environment and WiFi access. China is also gaining a momentum when it comes to internet education, and the number of folks who rely on their phones to learn something new is on the rise. You can do the exact same thing—there’s no reason not to use all methods that are at your disposal and do whatever you think you need to in order to get your degree.

You might not be able to get a degree with online learning alone

It really depends on which course you’re taking, but some will require you to take tests at a specific location, or to do lab work assignments in case you’re interested in medicine. You need to do your research and learn about all the little details involved before you commit yourself to anything, so contact administration and ask them to answer a few questions.

You can learn what you need much faster

You can also learn it much slower—the point is, you set the pace here. Is work becoming hectic and you can’t find any free time? Pause and resume when you’re ready. Are you feeling inspired and want to progress with your coursework faster? Go ahead and do it. Most learning platforms give you all the tools you need for success, and some courses will even give you credit if you have previous work experience or a degree that’s related to the field you’re studying.

It might not suit all learning styles

If you’re the kind of person who benefits the most from face-to-face contact, you might find online learning to be very challenging. Platforms are evolving each day and developers are doing their best to suit multiple learning styles, but not everyone will be happy if all they get to do is stare at a computer. However, you can solve these kinds of problems—for example, there’s nothing stopping you from occasionally hiring a tutor that will help you test the knowledge you picked up online, and as mentioned, you can combine traditional and online learning with ease. If you know someone who’s taking the same course, you can organize get-togethers and study sessions, and if you don’t know anyone, you can use student forums to find people from your area. There’s no need to limit human contact if that’s what you need to progress your studies.

The best and worst thing about online learning is all the freedom that you get. While there’s less guidance from professors and tutors, the fact that you get a lot of flexibility and that you can still find solutions to most of the challenges makes this a worthwhile option.