Service providers face culture shock as they try to capitalize on the data at their fingertips. We identify 10 key points for telcos to consider.
AMSTERDAM -- Communication service providers (CSPs) need a self-imposed shift in corporate culture in order to capitalize on the massive amounts of potentially useful data they have at their fingertips.
That's one of the conclusions from the first morning's debate, Jan. 29, at the Big Data Analytics Summit in the Dutch capital.
The TeleManagement Forum (TM Forum), the event's organizer, attracted a number of CSP executives from the likes of Belgacom, Cricket Communications and Orange Polska (with many more to come) to talk about why and how they are approaching the so-called big data challenge.
The overall theory is that by extracting useful information from the information that is currently hidden and untapped in many systems and networks, CSPs can provide a better customer experience, develop more targeted and intelligent marketing programs, and develop new business models that will ultimately enable them to maximize their top and bottom lines.
Here are my takeaways from the conference sessions.
6 Tools to Protect Big DataMost IT teams have their conventional databases covered in terms of security and business continuity. But as we enter the era of big data, Hadoop, and NoSQL, protection schemes need to evolve. In fact, big data could drive the next big security strategy shift.
Big Data Brings Big Security ProblemsWhy should big data be more difficult to secure? In a word, variety. But the business won’t wait to use it to predict customer behavior, find correlations across disparate data sources, predict fraud or financial risk, and more.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
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