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Leveraging the 5 V’s to Create Value with Enterprise Data

Data is essential for businesses today. It’s no longer enough to simply collect it; the real value lies in turning that data into insights that can drive efficiency and create new revenue streams. This has led to increased investments in technologies like data lakes and data fabrics, as enterprises seek ways to better access their data and facilitate real-time reporting. In order to truly leverage the power of their enterprise data, businesses must focus on the five V’s model: Volume, Velocity, Variety, Veracity, and Value.

Volume: The sheer amount of data available today is staggering. As technology advances and more devices come online, this volume will only continue to increase exponentially. Businesses must be able to effectively manage this influx of data if they are going to maximize its potential. This means having an effective storage strategy in place and a reliable system for sharing this data across teams and departments. Cloud-based applications like Google Drive, Dropbox, and OneDrive help companies quickly store and access files. While platforms like AWS, Microsoft Azure, and IBM cloud make it easy for companies to store large amounts of data in a secure environment, they also enable easy access for users who need it.

Velocity: With so much data being collected at such a rapid pace, businesses must be able to quickly analyze what matters most from what doesn’t so they don’t get overwhelmed by the sheer volume of information available. Artificial intelligence tools are making this process easier by automatically generating visuals from raw datasets that enable faster interpretation of complex patterns and trends. This helps companies make quicker decisions based on their findings and stay ahead of their competition.

Variety: Most business environments contain multiple types of enterprise data ranging from financial records and customer information to employee records and product inventory levels. Companies must have systems in place that allow them to easily access all these different sources simultaneously so they can identify correlations between different variables and draw meaningful conclusions from their analysis. By leveraging APIs, ETL, and other integration tools, companies can aggregate enterprise data into a single platform where it is easily accessible and user-friendly.

Veracity & Value: Once businesses have all their data collected, stored securely, analyzed quickly, and aggregated intelligently they must then determine what it is worth monetarily or strategically within their organization which is often easier said than done! According to one survey conducted by InfoTech Research Group, 70% of respondents stated that the primary way they determined the value of their enterprise data was by how well it improved products and services while 65% were looking at reducing operating costs associated with collecting, storing, and analyzing said datasets. Whatever the goal may be, having an organized system for assessing value and veracity ensures greater success in terms of achieving desired results efficiently and effectively with maximum return on investment (ROI).

As technology continues to evolve rapidly, so too must our approach towards enterprise data management and reporting strategies if we hope to remain competitive and successful within our respective industries moving forward! By focusing on the five V’s model (Volume, Velocity, Variety, Veracity, Value) we can ensure that our organization remains agile enough not just to survive but thrive amidst all changes taking place around us! Our aim should not just be collecting and storing large amounts of information but rather converting this knowledge into tangible insights which bring true value both internally within our organization as well as externally across our customer base, now more than ever before!

Breaking Into Tech

Matt Lemke

Matt Lemke

Full Stack Developer

Beginning my first role as a developer at SEQTEK was just like every other step in this journey, it started out very difficult. There is a curve to going from a learning environment to a real world environment just like any job. Though it was challenging, everyday I have learned something new. Whether it be from a co-worker, digging for solutions on the internet or just having my own breakthrough moments I have been able to soak it a years worth of education in just a short amount of time by being on the job. The people I am working with have made the transition into tech very easy by being helpful and informative anytime I need them. I couldn’t have asked for a better place to start and I am glad I made this career move, I am confident from this point on, I will be in tech for the remainder of my career. 

 

 

Breaking Into Tech

By Matt Lemke  |  Last updated:  Monday, January 10, 2022

I had become like the characters we see in movies, sitting in my office mindless and waiting for the end of the day. I would sit in meetings that went for hours just wondering why I was here. As soon as I got home from a vacation, my mind was on the next one. Though I once loved my career and my job, I knew that the time had passed and I was faced with a decision: to stay here because it is comfortable or find something new. The question is always “If I’m not doing this, what will I do?”. This question lingered in my mind for months, then the pandemic hit. As we were sitting at home watching and waiting to see what was going to happen, I realized this was the time to make a career shift.

 

I had always talked about getting involved in tech. Since I was a child in C.A.D. class, I have always marveled at what technology could do. When I graduated high school, a friend of mine who was a Computer Science major showed me a website he was building in C# and I thought it was the coolest thing I had ever seen. I had always wanted to learn to code, but something else always took priority. So I jumped on google and began researching how to become a “coder”. I’ll never forget the three questions I googled: “How to become a coder?”. This is when I quickly found out the different titles and types of developers, “how much do programmers make?”, and “do I have to be able to type fast to be a programmer?”.

 

One site that popped up multiple times in my research was Codecademy, so I hopped on there and started with their “HTML/CSS” course. I loved it and I could tell this was the next step for me. So I dug deeper on how to get myself ready for this career shift. I found two paths in my research: self-taught, and computer science degrees. I began searching for anyone who could give me advice and I found an old friend from high school who had a developer background, I messaged him and asked him for some of his time. I focused my questions on what the best ways to break into the industry are, that's when he started to tell me about Bootcamps.

 

He explained the Bootcamp route to me like this: “You can learn almost anything in tech on the internet, but you need to know enough of the basics to know what to ask If you don't know what a function is, you won’t know how to find the right content to learn what you need because Google can't give you an answer to a question you are not asking. So a Bootcamp will help provide a layer of the basics for you so you can learn the rest on your own. They are like a roadmap to know where to look, what to do and what questions to ask when you’re stuck. After the call, I found a six month Bootcamp at UT Austin that was perfect for me.

 

On top of my job, I spent thirty hours a week working on the Bootcamp, plus another fifteen hours building projects on my own to speed up my development. It was a steep learning curve, there is nothing easy about learning to code but I loved every second of it. Four months into the Bootcamp, I quit my job and spent at least thirty hours a week working on algorithms, problem-solving and personal projects for my portfolio on top of the other work in the course curriculum. This allowed me to be employer-ready before the Bootcamp ended and gave me the confidence to apply. Though the company wasn’t hiring an intern, I messaged a CEO via Linkedin and asked him for a chance to gain experience. We connected well and he gave me a 3 month paid internship before graduation. The internship set me up perfectly to get experience while working with a recruiter for a long-term landing spot.

 

A month before the internship ended my recruiter helped me find an amazing job as a full stack developer that was perfect for an entry-level position. Like I stated before, there is nothing easy about learning to code, so my advice to anyone who is wanting to learn is to: Start with HTML/ CSS and make sure you enjoy it. Then try a harder project via Codecademy or another website that will challenge you. If you’re still hooked, find a Bootcamp and take the concepts you are learning there, and dive deeper into them on your own. Build your portfolio, find a recruiter and put yourself out there.

 

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