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New Year’s Resolution: Innovate with Information

by Doug Laney  |  December 26, 2012  |  2 Comments

2012 has seen an acknowledgement and mainstream awareness of the challenges of managing the burgeoning streams of information generated and available to organizations, particularly big data. In 2013, I expect the focus to shift to the challenges of developing and implementing enterprise strategies for making use of all this data.

Opportunities abound for deploying information in transformative ways. Gartner’s 2013 research agenda will help IT and business leaders develop and execute strategies for achieving higher returns on their information assets. This includes leveraging big data, enhancing analytic capabilities, achieving more disciplined information asset management approaches, and incorporating new and expanded information-related roles:

The volume, velocity, and variety of information sources available today to organizations is more than just an information management challenge. Rather this phenomenon represents an incredible opportunity to improve enterprise performance significantly and even transform their businesses or industries. More than merely reporting on information or even basic decision making support, information assets are an instrument for innovation. Making this strategic shift quickly enough to meet create competitive advantage is the real challenge for most businesses.

Key issues Gartner will be exploring throughout the coming year are also questions business and IT leaders should be asking themselves:

Business uses and sources of information

  • What are the range of internal and external sources of data available, starting with our own underutilized “dark data”?
  • How can information be used, not just for decision-making, but for greater business insights and process automation?
  • How can information be used to foster relationships and improve collaboration with our employees, partners, customers and/or suppliers?
  • How can information facilitate business transformation and innovation, beyond just incremental performance improvements?
  • How can information be monetized by packaging, sharing and/or selling it?
Information leadership
  • How can we evolve to a more information-centric culture?
  • How can our IT and business groups organize for achieving higher levels of information performance?
  • What emerging information-related skills and methods should be considered, planned for, used or acquired?

Big Data

Value and economics of information (infonomics)

  • Why should and how can we inventory, measure and quantify their information assets?
  • How can information’s value be used to justifying and gauge the ROI of information-related initiatives, as well as other IT and business initiatives?
  • How can we manage information as an actual corporate asset?

So if you’re looking to make a corporate New Year’s resolution to do more with data for driving corporate value, consider developing answers to each of these questions. And keep an eye on Gartner’s Information Innovation research throughout 2013.

Follow Doug on Twitter: @doug_laney


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Tags: analytics  big-data  bigdata  infonomics  information-management  innovation  new-years  planning  strategy  vision  

Doug Laney
VP and Distinguished Analyst, Data & Analytics Strategy
12 years at Gartner
30 years in IT industry

Doug Laney is a research vice president and distinguished analyst with Gartner. He advises clients on data and analytics strategy, information innovation, and infonomics (measuring, managing and monetizing information as an actual corporate asset). Follow Doug on Twitter @Doug_Laney...Read Full Bio

Thoughts on New Year’s Resolution: Innovate with Information

  1. A good one! This one resolution alone would ensure leadership roles and positions for the ever hungry corporate in 2013 ! In addition to the 3 Vs – volume, velocity and variety of information sources – you have so succinctly captured, I am tempted to add one more V – veracity. Many a time, we experience what was apt and appropriate in the immediate past, is no more relevant any more. With this V – veracity in place to check the completeness, truth and reliability of data, we can assure ourselves a comprehensive dynamic health check in place. Naturally this first time right information, one can aspire to work on confidently and comfortably appropriate innovation outcomes. Thanks for this opportunity to interact!

    Best Regards

    Twitter handle: guru_raghavan

  2. Doug Laney says:

    Dr. Raghavan, Thank you for your kind words. Yes, we believe veracity is an important quality of any data, however unlike volume, velocity and variety, it is not a definitional characteristic of big data. We have identified a dozen such quality characteristics of data, and recently published a Gartner toolkit how to quantifiably measure each: We have also recently published an expanded definition of big data that encompasses not just our original “3Vs” but also the types of use cases and recognition that new/innovative forms of processing are required.

    Cheers, Doug

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