Posted In Blockchain Accounting | Posted On 8 September 2019 | Posted By AB Value Team

We wanted to write this post about Big Data because we have a lot of data in our our businesses and we want to make sure that the data we have is being Mined for more gold. We say more gold, because, each piece of information that we receive in everyday business, can be used to help improve our customer experience and help us make more money. 

We just have to figure out what data is important to be able to turn into money. So, we wanted to share with you how we can start to mine for gold in our business, in order to know and see what is valuable:

Step 1: Data collection - This is where we have to start organizing our data in a place where we can search it by attributes and information that is important to us.

We will use all the data once we can start to see it.

Step 2: Data Exploration and Profiling - Once we have the data in a searchable form, we can start to manipulate the data and explore trends and important items that we can create value from. 

Step 3: Formatting data to make it consistent - Next we will start to prepare our data with labels and key items that we will begin to use as machine learning variables. Artificial intelligence can help us improve our strategies so we need to format our information accordingly.

We hope this explained the ways to help get your businesses to start Mining for Gold in the data and prepare you for the future of business. If you would like more free information about Big Data, you can click here.

If you would like to discuss more specifics how you can start to start mining for gold in your business, you can schedule a call here.