September 20178 "Any enterprise CEO really ought to be able to ask a question that involves connecting data across the organisation, be able to run a company effectively, and especially to be able to respond to unexpected events. Most organisations are missing this ability to connect all the data together." So said Tim Berners-Lee, the inventor of the World Wide Web, back in 2007 about how data should flow in a modern organisation. His point was that the value of data cannot be fully realised if it is sat in silos. Only when enterprises have the ability to bring data together and gain a more comprehensive view of their business, can they realise its true potential value. Companies need to aim for a `golden ratio' of data, people and machines, where each is adding value and complementing the value of the other in harmony. DataThe amount of data available is going up all the time, driven by everything from smart phones and energy meters to connected cars, kitchen appliances and wearable devices. Cloud, has exponentially increased the amount of data in circulation, giving it a far great currency by making it easier to collect, share, analyse and interpret.Every business or service can gain an edge by correlating all of its data sources ­ inside and third party. But on its own, data is just a raw material. It needs the right people, using the right tools to unlock its full value. PeopleBusinesses must not underestimate the role people play in unlocking the value of data. Currently, most organisations use a fraction of their data. So what is holding companies back? BY CHRIS CHELLIAH, GROUP VP & CHIEF ARCHITECT, TECHNOLOGY & CLOUD, ORACLE JAPAN AND ASIA PACIFIC (JAPAC)Data, People and Machines, Providing a `Golden Ratio' for the Data-Driven Business Chris ChelliahIN MY VIEW
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