Data is exploding at an incredible rate and for many businesses it’s a new gold rush. Competitive advantages, more agility, better downstream planning, and a clearer understanding of customers and products are just a few of the benefits data can provide. But benefits like these are only for businesses that know how to store, protect, and analyze their information. Data is the new currency for a successful business, and you can be the one helping mint it for your clients. Here are a few nuggets of advice you might use as you pan for gold in the big data bonanza.
- Visibility – Do you have an eye on drives that might be getting full? Are you making sure storage can scale up without time-consuming migrations or pricey hardware upgrades? Have you considered scale-out storage to add space as needed?
- Access – Can you tell your clients who accessed what information and when? Clients in the healthcare field must have this kind of visibility to be HIPAA Compliant, which makes this type of information critical.
- Security – Are you ensuring that critical data is encrypted? Do you provide physical security to keep bad folks out?
Data Backup and Recovery
Data Analytics as a Service
- Setup and Management – There are plenty of off-the-shelf data analytics tools your clients can use, such as Domo or Dundas BI. With tools like these, you can earn a fee helping clients get set up and integrating them with existing systems, but that may be the end of it.
- White Labeling – Analytics tools like Keen IO let you white-label their tools as your own, so you can sell and manage them for your clients. This way, you can earn monthly revenue from each client using the tools.
- Custom Development – Go big or go home. Custom developing data analytics apps is tough, but with the right specialists and open-source tools like Hadoop, you can build awesome tools for customers and start counting fat stacks while you’re at it.
ConclusionBusinesses of all types have data needs, and those needs will keep growing. If you’re not taking steps to understand the latest tools and tactics for managing and analyzing data, you run the risk of falling behind. Your clients may become increasingly interested in learning about data trends, and the best thing you can do is be ready to answers questions and offer services that help them turn piles of random data into their next great business decision.
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