How to create a Big Data plan

Big Data market in early 2012 is estimated to be $ 5 billion and is expected to reach$ 23.8 billion by 2016, growing at a CAGR of 31.6%, predicts Manoj Singh, Chief Operating Officer, Deloitte Touche Tohmatsu while speaking to Dataquest in Nasscom Leadrship Forum.

For enterprise struggling to find a way out of the data maze and wanting to create a Big Data plan and a strategy, Manoj Singh explained how to put in place the plan and strategy for Big Data by the enterprises.

He has the following advice which he called ‘Options for Action"

Action 1: Start with highly specific questions about the business problems you are trying to solve

Action 2: Artistry comes from fine tuning discipline with the need for agilitymake sure the technology choices you make can support such flexibility.

Action 3: Focus on Force-organizational silos to understand your strategic goals.

Action 4: Build your bench with leftbrained data scientists