Sphere’s data practice knows well how to get past these issues. That’s where data analytics companies can be extremely helpful.
Big data management and architecture are enablers to be sure, but getting past common hurdles often leave companies struggling to achieve a true SSOT.
It’s truly a journey rather than a destination, and the common data trust enables these fruits don’t happen immediately. This is important because without common trust in the data used to make business decisions, you’ll have low trust, low usage, difference of opinions on what is ‘real’ or not, and ultimately, lower ROI flowing to the business.Īs a firm moves up the data maturity scale, they move from outcomes like data integrity, privacy and governance to improving their competitive position and profitability. Single source of truth is a concept used to ensure everyone in an organization bases decisions on the same set of data. Once the Australian Government’s Office of the Australian Information Commissioner Mandatory Data Breach Notification legislation is in effect, big data analytics will become a necessity for organisations to be compliant.Should you implement a single source of truth (SSOT) system? It enables your organisation to translate network activity into patterns that can detect and stop threats. Data analysis can help you pinpoint anomalies or weaknesses in your data sets that could indicate a data security breach, or a vulnerability that could make a cyber breach more likely.īig data analytics - gaining insight into data anomalies in real-time and being able to shorten the time it takes to identify and remedy a potential cyber attack - is a specialised capability. Make Big Data insights a #1 strategic priority.Īs your business grows and evolves, so too does the volume and complexity of data that is moving in and out of your organisation, through the internet.Īt the same time, cyber criminals’ tactics are growing in volume and sophistication as are the number of cyber attacks. Safeguard your business from data breaches.
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