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Strategic Management of Data and Challenges for Organizations: Strategy Development and Business Value
Abstract
Public, organizational and personal data has never been so much in the forefront of discussion and attention as at the present time. The term ‘Big Data' (BD) has become part of public discourse, in the press, broadcast media and on the web. Most people in the wider public have very little idea of what it is and what it means but anyone who gives it a thought will see it as contemporary and relevant to life as much as to business. This paper is directed towards the perspectives of people working in, managing and developing organizations which are dedicated to fulfilling their respective purposes. All organizations need to understand their strategic purpose and to develop strategies and tactical responses accordingly. The organizations' purpose and the frameworks and resources adopted are part of its quest for achievement which creates value and worth. BD is a potential and actual source of value.
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