Business Innovation through Big Data

Big Data is here to stay.  As data volumes and sources of data proliferate at ever increasing rates, leading companies will be forced to plan for a data-driven future.  Data is pervasive.  Rapid access to the latest data can accelerate innovation and disrupt traditional markets.    Businesses are finding new ways to do business that serve their customers more effectively and responsively.  Businesses can adapt or risk burying their heads in the sand.

Big Data is transforming businesses across industry sectors — from industrial systems to financial services, from media to health care delivery, from drug discovery to government services, from national security to professional sports.  The opportunity to deploy data and analytics has accelerated the speed at which companies can enter new markets, with new solutions, and quickly challenge or displace traditional competitors and market leaders.  Big Data brings speed, agility, experimentation, iteration, and the ability to fail fast, learn from experience, and execute smarter.

Business Innovation through Emerging Solutions

The future of innovation is being driven through a set of emerging solutions that operate in conjunction with Big Data.

Digital Transformation

Digital technologies – social, mobile, The Internet of Things (IOT), and machine learning – are becoming as pervasive as Big Data, and enabling organizations to implement digital platforms that provide omnichannel customer experience, and enable new business models and services.  Digital dexterity allows organizations to adapt and transform fluidly in response to changing conditions and opportunities.

Operational Machine Learning

A growing number of large but innovative companies are driving measurable value through “operational machine learning”– embedding machine learning on Big Data into core business processes.   Operational machine learning enables organizations to embed scalable machine self-learning into operational processes, without requiring ongoing human intervention.  With the potential for processing thousands of concurrent requests per second, Big Data-driven benefits are driving business innovation.

Blockchain

Blockchain technology provides a new platform for data sharing and collaboration, with the potential of reducing transaction costs, minimizing complexity, and increasing verifiable trust between participants.  Applications include global searchable databases for any transaction, smart contracts, and intellectual property rights, which are designed to create a better sharing economy.  The concepts underlying Blockchain are currently the basis for use cases ranging from chain-of-custody through financial transaction processing.

NewVantage Partners Capabilities

·         Business Strategy | current state | future state | ideation | roadmap
·         Business Adoption | quick wins | organizational alignment | cultural change
·         Business Value | speed-to-market | agility | monetization
·         Business Execution | incubation | validation | acceleration
·         Technology Innovation | Big Data | Digital Transformation | Machine Learning | Blockchain

 


NVP at a Glance

We help clients leverage their data assets to realize business value:

  • Gain business insights faster and with greater flexibility.
  • Transform critical business processes to be more nimble and cost-effective.
  • Ensure business value through successful business adoption and results.
  • Help clients to accelerate adoption Big Data capabilities – from strategy, planning and design, through program implementation and execution.
  • Focused on Financial Services, Pharmaceuticals and Healthcare verticals.

 


 

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