Understanding the Big Data Business Model Maturity Index Phases

Let's deep dive into each phase of the Big Data Business Model Maturity Index (BDBMMI).

DEAN OF BIG DATA TIP:

From an advanced analytics perspective, Phase 1 of the BDBMMI leverages Descriptive and Exploration analytics to tell you what happened and why. Phases 2 and 3 of the BDBMMI leverage Predictive Analytics (to predict what is likely to happen) and Prescriptive Analytics (to prescribe preventative or recommended actions based upon the predictive analytics). Phase 5 leverages Automation and Autonomous analytics to create a business and operating model that is continuously learning and adapting to environmental and industry changes.

Phase 1: Business Monitoring: The Business Monitoring phase seeks to monitor and report on "What's Happened?" with respect to the operations of the business. The Business Monitoring phase is where companies leverage Business Intelligence (BI...