Big data analytics: Pursuing multi-million dollar opportunities
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IT Best Practices: Five people. Six months. $10 million in ROI.
Those were the parameters and goals of Intel IT’s initial big data projects, which started in earnest three years ago.
“We wanted to prove that big data analytics are achievable and valuable,” says Itay Yogev, Advanced Analytics Director for Intel IT. “And we wanted to realize a significant payback in a short timeframe with only a small team.”
If current activities are any indication, those initial projects were wildly suc- cessful. According to Yogev, Intel IT has completed more than a dozen big data initiatives within the original parameters. Now the organization is pursuing much higher value opportunities.
“We are taking big data initiatives to the next level,” Yogev says, “we are now working on programs that can deliver $100 million or more in ROI.”