While businesses are projected to spend more than $40 billion annually on Big Data-related initiatives by 2018, according to IDC, many companies are still unsure exactly how to calculate their ROI.
However, enterprises are able to use tools and methodologies to quickly load data into their Smart Data Lake™ solution and reap near-immediate value. Here are just a few ways companies are securing Big Data ROI with Smart Data Lakes:
Of course, the exact path to ROI varies for each industry and application.
For example, financial institutions are using smart data lakes to monitor regulatory compliance inside the organization. For those using standard compliance platforms, with hundreds of people looking at false positives day in and day out and then having to clear them, from anti-money laundering to fraud to illegal-trading, through email surveillance and the like, the business case is seen as extremely simple to justify. Smart data lakes significantly reduces the number of analysts necessary to do all this work.
In the pharmaceutical arena, organizations can spend more than $2 billion and more than a decade working to get a drug to market. Clinicians and data scientists in the industry have found significant value in smart data lakes, allowing them to navigate wide and complex clinical data models to answer ad-hoc questions without manual data preparation or IT intervention. They can more seamlessly and expeditiously secure answers from of a wider array of data than ever before, reducing time-to-market for a new drug.
The Anzo Smart Data Lake solution simplifies data analysis and discovery at enterprise scale with unprecedented flexibility, insight and speed for any business user, delivering unprecedented value and ROI for the organization. To learn more, download the Smart Data Lake whitepaper.