BI Insights

Are You A Data Hoarder?

26 February, 2013

Are You A Data Hoarder?

Big data craze inspires some IT managers to save every possible bit of data. Bad idea, says an industry practitioner's group.

You’ve heard it before: There’s gold buried deep in your organization’s data — valuable insights that a little mining can bring to the surface.

True? In some cases, yes, but a hoarding impulse can backfire too. In fact, enterprises that implement big data analytics platforms — applying complex mathematical algorithms to unlock new trends and customer insights — can easily turn into information pack rats, says the Compliance, Governance and Oversight CouncilĀ (CGOC), a forum of about 2,300 legal, IT, records and information management professional from business and government agencies.

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