Due to the scope of many big data projects, it can be very difficult to calculate the approximate investment or a potential ROI. To facilitate this task, the Big Data Cost/Benefit Tool contains the following sections:
- Benefits: Links the pattern chosen to a line item on the organization’s income statement.
- Costs: Based on the big data maturity of the organization, and combines investments and ongoing costs regarding people, processes, technology, and data.
- Intangibles: Many costs and benefits of a big data project are intangible, or difficult to quantify. This area allows for the organization to record any intangibles for consideration when pursuing the project.