This past July Econsultancy issued a report which made reference to the fact that Big Data is causing big frustrations for those who make their living in the marketing world. The sub-headline that appeared on their site in announcing the report read: “Big data has become something of a buzzword over the past year or so, but is it actually useful?”
Well I happen to think Big Data is useful alright but only if it’s the right Big Data. I mean you can’t just have data just for the sake of having data, yes?
One company has found that leveraging a more accurate, scientific approach based on big data can help marketers socialize their data — giving them a way to understand and leverage their customers’ and prospects’ real-world relationships to substantially improve customer acquisition, cross-sell and retention.
In other words, identify the right Big Data.