Getting Value from Data

I really like this business value extraction loop outlined by Lynn Langit in one of her courses on Lynda.  Lynn is particularly addressing getting value when moving from relational to non-relational databases, but I believe her point clearly extends to getting value from data in general.

She outlines a process that can be iterated over projects, applications, or data sets.

  1. Formulate clear business questions.
  2. Select the solution that provides a path to answering those questions.
  3. Find, load, and clean all the source data.
  4. Query the data.
  5. Present (or visualize) the data.
  6. Iterate.

I look forward to seeing how other professionals extend or surpass this approach.  I particularly look forward to developing my own insight into real-world details of this process.

 

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