About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

The Seven Habits of Highly Successful Big Data Users – According to Forbes

Subscribe to our newsletter

We’re still grappling with just how to apply Big Data to the real world of financial data management. Interestingly, this article by Forbes’ contributor Adrian Bridgwater (@ABridgwater) takes the well-known book The Seven Habits of Highly Effective People by Stephen Covey and uses the seven-habit approach to apply to big data analytics for users, analysts, developers, managers and evangelists.

To summarise, the seven holy virtues according to Bridgwater are:

1 – Begin With No End In Mind (as you never know what analytics can be performed and what insight can be gleaned)

2 – Be Proactive, Pragmatic, Progressive & Persuasive (proactive in looking for trends in data; pragmatic about what’s of real value; progressive in unearthing insights; and persuasive in selling the value of that insight to the board or rest of the company)

3 – Be Technology Toolset Agnostic (being open to openness)

4 – Take Big Data Into The Toilet (ok, not entirely sure this one makes sense but in essence Bridgwater cites an example of an Austrian hygiene company using big data analysis to change its business model)

5 – Be Time Sensitive (he cites Tibco’s European CTO Maurizio Canton as stating not all data is created equal… some of it has a ‘use by’ date, calling for immediate action)

6 – Keep A Wide Open Path For Big Data (you need to be able to rely upon a scalable infrastructure that can keep pace with the rapid exponential growth of your data)

7 – Above All, Be Holistic (you need to still look at the big picture, not just get caught up in the ‘old shoe box (or cluttered draw) of information’)

You can read the original article on Forbes’ website here.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Infrastructure Faces Stress Test as Private Credit Consolidation Beckons

By Charles Sayac, Managing Director EMEA West, NeoXam. A bout of consolidation unseen in the sector’s history may be on the cards for the private credit space – one that threatens to unearth a host of complex data challenges for the unprepared. A recent Carne Group report revealed almost all (96 per cent) of private debt managers...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Data Lineage Handbook

Data lineage has become a critical concern for data managers in capital markets as it is key to both regulatory compliance and business opportunity. The regulatory requirement for data lineage kicked in with BCBS 239 in 2016 and has since been extended to many other regulations that oblige firms to provide transparency and a data...