{"id":3102,"date":"2012-07-17T07:00:01","date_gmt":"2012-07-17T15:00:01","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=3102"},"modified":"2012-07-17T07:00:01","modified_gmt":"2012-07-17T15:00:01","slug":"big-data-four-core-elements-of-business-are-land-labor-capital-and-data","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/big-data-four-core-elements-of-business-are-land-labor-capital-and-data\/","title":{"rendered":"Big Data: Four Core Elements of Business are Land, Labor, Capital and Data"},"content":{"rendered":"

90 percent of business leaders cite Data as one of the fundamental components of businesses, on par with basic elements like land, labor and capital. \u00a0That’s the finding of a CapGemini report titled ‘Big Data and Decision Making<\/a>‘.<\/p>\n

Scott Schlesinger<\/a>, vice president and head of Business Information Management at Capgemini, said <\/a>that\u00a0“the exploitation of Big Data is fueling a major change in the quality of business decision-making, requiring organizations to adopt new and more effective methods to obtain the most meaningful results from their data that generate value. Organizations that do so will be able to monitor customer behaviors and market conditions with greater certainty, and react with speed and effectiveness to differentiate from their competition.”<\/p>\n

Some of the results of the CapGemini report include the following findings:<\/p>\n