Data is all the rage these days. If you understand the value of data in your business environment, you can realize self-sustaining momentum through a strategy known as the Data Flywheel.
Building out your Data Flywheel consists of five basic steps. Here they are:
1) MOVE data and workloads to the cloud.
2) RUN fully-managed databases, store all your data.
3) BUILD data-driven apps.
4) ANALYZE data in your data lake.
5) INNOVATE with machine learning and blockchain.
One of the most unique characteristics of the Data Flywheel is that no “one thing” powers it, and organizations that search for such a fundamentally basic solution will likely lose their way.
The Data Flywheel moves by many components acting in concert, equating to a whole that’s greater than the sum of its parts.
Find out more about the data flywheel and how you can implement it in your business by clicking the link below.