Majury Change Management Ltd’s Alastair Majury on Why Small Businesses Need Big Data
Alastair Majury, a director of Majury Change Management Ltd is a highly experienced Senior Business Analyst / Data Scientist with a proven track record of success planning, developing, implementing and delivering migrations, organisational change, regulatory, legislative, and process improvements for global financial organisations.
Why Small Businesses Need Big Data
Thanks to modern technology, getting into big data is even easier. Big data is no longer reserved for only large businesses; smaller entities can, and arguably should, get in on the digital revolution and change the way they use data to drive their businesses.
In essence, big data refers to large quantities of data. There are the 3 Vs to big data that separates it from regular data sets: Volume, Variety, and Velocity. The sheer amount of data in these sets come from diverse sources and are run through advanced analytics that can allow for decisions to be made in real-time. Companies are using big data to accomplish numerous business-related tasks, from identifying patterns to leverage their marketing to determining root causes of failures.
In the past, getting into big data has been prohibitive for small businesses. Fortunately, technological advances in recent years have helped to alleviate the transition. Google’s MapReduce paper and Yahoo’s Hadoop projects have paved the way to resolving the high costs associated with storage. User-generated data coming from sensors, mobile devices, and social media have become increasingly valuable in contrast to the insufficient data to which companies previously had immediate access. With all of these obstacles addressed, what is stopping small businesses from getting into big data? Below are three more reasons to consider.
The first reason is scalability. Big data infrastructure is easier to scale with a business as it grows. By taking the plunge and adapting to big data now, businesses can focus resources on other tasks long-term instead of adapting their infrastructure later. The second reason is functionality. Having such a vast amount of data unleashes numerous possibilities in the ways of using it, enabling businesses to work with data in new ways to generate insights. Such insights can help businesses to innovate and stay on top in rapidly changing markets. The last reason is speed, simply that big data lets businesses do more in less time. Gone are the days of SQL-based queries that take a lot of time yet provide relatively limited results.
Big data has taken over the tech world and has been adopted by big businesses, and smaller businesses ought to follow suit. With the increasing ease of access and all the potential that lies in big data, now is the prime time to get involved.
Senior Business Data Analyst Alastair Majury
Alastair Majury, a director of Majury Change Management Ltd is a highly experienced Senior Business Analyst / Data Scientist with a proven track record of success planning, developing, implementing and delivering migrations, organisational change, regulatory, legislative, and process improvements for global financial organisations, covering Retail Banking, Investment Banking, Wealth Management, and Life & Pensions.
For several years now, Alastair has worked extensively with a variety of financial institutions in order to offer the utmost comprehensive services. As a data scientist/business analyst, Alastair Majury is expected to find intuitive and sensible solutions to complex problems.
As a data scientist/business analyst, Alastair Majury has worked closely with several high-profile businesses, such as BNP Paribas, National Australia Bank, Standard Life and the Royal Bank of Scotland Group.A graduate of University of Glasgow, Alastair Majury earned his M.A. in Economics with Business Economics. Since then, Alastair has undergone several training sessions and earned multiple certifications for a variety of skills. More specifically, he has earned certifications in IAQ, risk management, resource management, and a bevy of other areas. Alastair Majury thoroughly enjoys his work.
What excites him most about being a data scientist/business analyst is that every problem has a variety of solutions. This allows for a great deal of creativity on his part. Providing ingenious solutions to his customers’ problems provides a great deal of satisfaction to Alastair Majury. Every single day can be a new and challenging problem.
Although he is a fierce and determined worker, Alastair also manages to find free time to embrace his hobbies and interests. Alastair is a major proponent of philanthropy and charitable endeavors. He constantly finds new and exciting ways to promote charities and philanthropic organizations in his community. He also tries to donate time and funds to said organizations whenever he can. Alastair Majury firmly believes that if we all work together towards a common goal, we can find peace.