Innovations and Your Business Model Niche May Cause You Grief |

The pace of technological innovations accelerating faster than ever suggests that as a progressive entrepreneur you should be relentlessly looking ahead and gain a vision of their adaptation in your business for the next decade. 2015 brings to the forefront the question: “What will the technological and social media world be like, and what do I need to know, not only to survive, but thrive within it?” The many technological changes in the past 5 years are almost immeasurable. Innovations over the next five years are inestimable. The following questions raise their voices demanding answers in order to not only cope and survive but grow and prosper your business.

Future Growth Projections

Several projections predict that over the next 5 years “The Cloud” will grow from 2.6 billion online to somewhere from 5 billion to 7 billion online. Speaking of the online economy in general, projections suggest a large potential market for products and services. As these 3 billion to 7 billion new people come on line many of them will not be entrepreneurs competing for your business but many wanting your products or services. If the foregoing online growth projections are even close to being accurate perhaps the best way to become a billionaire is to service a billion people with beneficial client-rewarding products or service.

Your Business Niche

First and foremost consideration should be given to the question is your particular business model a good niche and are your products and services designed to add benefits and helps to your niche recipients? Have you designed mutually beneficial products and services?

Important Questions Needing Answers

What is/are the best tools to present your products and services to your niche? What and how do you best use social media and other technology to accomplish your goals? What is the future of a small business like mine? Is it beneficial to partner on a global scale with a partner who can help you do what you cannot do alone? How do you best do that? How can you best identify willing, affordable and appropriate partners?

An Example of a Business Niche

Only as an example suppose you chose “Grief Relief” as your niche. This article does not suggest this should necessarily be your niche but is only shown as an example. Are you passionate about providing grief relief recovery for your recipients (Solving their Grief – their sorrow) or whatever niche you have chosen? Using the proper internet and exponential tools and technologies you may have the potential to impact many lives, if not a billion, millions of people over the next decade. Have you tested and measured the potential of your business niche?

Tools of Your Trade

How to best use social media and technical innovations is a question you must address! Perhaps it is going to become easier, yet harder if one doesn’t understand the correct technologies and media to use, to generate your business energy and be successful. You can get a new idea in the morning and have it in the cloud in the afternoon. How can the use of certain social media tools best enhance your marketing efforts?

A Beneficial New Market

One of the large new marketplaces is the 18 – 21 or younger generation who know how to use all the newest and most effective tools of technology and will be on the cutting edge of evolving innovations. They will use social media and cloud-served computing. This digital generation will have global connectivity. They too will have their share of grief and should receive your conscious consideration. Should you consider partnering with someone who will allow you to do something you can’t do a lone? If so how? Can you think of each component of your business (product or service) in a way that it can be offered in an interesting and beneficial niche rewarding way? How do you capture the touch points, the screens, and the new and innovative technologies as the new generation and the old become more informed and connected in such a way that there is mutual benefit? How do you provide products and services that use the technologies as inexpensively and efficiently as possible? Personally you must have more than products and services – You must have a sincere desire and ability to provide useful meaningful and fulfilling benefits to this new generation!

Your Challenge

Projected innovation and the many increased uses of social media underscore many potential possibilities and business opportunities. The next several years will be a wonderful growth opportunity for successful small online businesses. You will want to avoid the grief of failing to recognize and capture exciting new uses of social media and technological innovations. You will need to be technologically and social media savvy – not grieving over being asleep at the switch. This knowledge and preparation can enable you to provide needed services and products to this growing online population. Think of how you can mutually benefit your clients and your business. Carefully consider the foregoing questions. Determine the answers you need and then make careful well planned use of these tools in your business. Happy participation and success in the exhilarating world of online business.

The Importance of Data Management for Business Today |

Big data, as the name implies, is big. Massive, in fact, and it’s growing at a rapid pace each day. As big data grows, it becomes more difficult to manage and use effectively. In short, there’s simply too much of it. This new technology can quickly morph from a valuable source of insights to an overwhelming beast. That’s where data management can help.

Many organizations mistakenly believe that the problem with big data centers solely on storage. For example, “Companies using SAP® are experiencing rapid data growth through expansion or acquisitions. Keeping transactional data online, particularly after it is closed, is expensive, impractical and fraught with risk. The real challenge is not storage but data management. They are rapidly growing causing system performance and productivity to plummet, frustrating users and saddling IT with higher maintenance costs.” (Source: Dolphin Corp, “Data Archiving and Nearline StorageSolutions for SAP ERP and BW Applications”)

What happens if you don’t have a good database volume management system in place?

According to an article featured on Electric Light and Power’s website, Big Data Jolts Utilities: Why Harnessing Big Data Will Help Companies Surge, typical problems that can occur include:

  • IT strain — Big databases grows fast, requiring more and more IT resources including bandwidth, storage, and processing power. As data gobbles up more network resources, users become frustrated with sluggish performance. In an attempt to satisfy users, IT must invest in bandwidth, storage, and processing power, putting another type of strain on the IT department: budgetary strain.
  • Increased complexity — As big data continues to grow and new initiatives adopted, operational issues become more complex.
  • System maintenance takes longer — It takes much longer for administrators to perform system maintenance tasks such as backups and restores when data grows. The more data there is to back up, the longer it takes to back it up. For organizations that operate around the clock, such as electric and gas utilities, there’s never a good time to go offline for system maintenance. Shortening the amount of time system maintenance requires is essential.
  • (Source: Electric Light & Power, “Big Data Jolts Utilities – Why Harnessing Big Data Will Help Companies Surge”)

How Data Management Solves These Problems

Data management helps to overcome the problems associated with too much data by prioritizing and moving data.

For example, think about how you use databases when filing your income taxes each year. You need last year’s data in order to prepare last year’s tax returns, and you need to keep all current data readily available for next year’s taxes. You no longer need receipts from two, three, five, or even ten years ago, yet you need to hang on to all that data should you ever get audited. Assuming this databases took up most of your hard drive, you’d want to manage it. Using a data management approach, you’d keep the data that you need to file your tax return on your hard drive and move the older tax data to an archive.

This is exactly what data management does to big data. It moves the data that you need for legal compliance, historical records, and other purposes into a data archive (or near line storage system depending on your needs) while keeping the data that you access on a regular basis on primary storage systems. This significantly reduces bandwidth, storage, and processing power requirements while ensuring that all data is readily accessible should you need it.

Works Cited
1. Electric Light & Power, “Big Data Jolts Utilities – Why Harnessing Big Data Will Help Companies Surge,” –

2. Dolphin Corp, “Data Archiving and Nearline StorageSolutions for SAP ERP and BW Applications,” –