Big data is not just for the board room, it's for the consumer too. Companies are increasingly starting to recognise the value of big data, with one in five large businesses in the UK assigning financial value to their data on the company balance sheet.
Whether it's shopping, working or paying bills, our daily lives are increasingly taking place online. Yet as things go digital, there's a risk that older people in Britain, like my dear mother, may get left behind.
In light of increased competition from non-traditional competitors, restaurants are no doubt looking for ways to understand the impact on their business, as well as means to recapture or maintain their market presence.
Big data and associated analytics promise to change virtually every industry and business function over the next decade. Any organisation that gets started early with big data can gain a significant competitive edge.