Ford Exploits Big Data To Improve Results -- Lessons For Your Business

Ford has positioned itself to take advantage of Big Data in such a way that is guaranteed to improve their business results. They have adopted an approach that focuses on gathering and analyzing data from their best processes and vehicles to help them streamline processes, improve manufacturing and overall quality.

Michael Cavaretta (One of the major brains behind this move by Ford) is part of a group of experts who have gathered in Newport Beach, California for the Open Group Conference. To his credit, he has led projects at Ford that have helped them use internal data to determine new features that will make their vehicles stand out.

Dana Gardner (Principal analyst at Interarbor Solutions) was able to interview him and here are a few points from that interview...
1. The cost of data storage is a lot lower now. This means that organizations don't have to worry about sorting data sets that should be kept for the long term. You just keep the whole lot and gain the benefits of having your complete data assets. In his words, Cavaretta says: "I have yet to have a circumstance where somebody is giving me too much data."

The truth is that you can do a lot more when you don't have to throw some data sets out. NOT having to throw anything out means you can answer a wider variety of questions now and in the future.

To read more points from this interview, click here...