Thursday, May 2, 2013

Products and Big data for small and medium business

Product Product Product 

It is essential for small business to understand its product line and its exposure to the world . (I am curious if www is considered our world or should we also include the animal and plant kingdom?)

For every product that is sold by a small and medium business here are some basic information that the owner has to understand

Small and tiny data 

1. Data: Data and meta data about the product
2. SEO traffic - are you using SEO keywords for natural and paid searches ? Have you ensured your products are aware of these.. in other ways which products in your product line should be tagged with these keywords ?
3. Competition keywords: What are your competitor's products,their data, metadata and keywords? Have those tagged to every single product for which it is applicable.
4.Site search Analytics data: Check your analytics data to identify the keywords that customers are using and map them back to your products.Are there keywords that are in your 'missed' or 'pissed off' customer journeys?Use that information and do the mapping for your product.

Big Data?

5.Facebook ,Twitter and LinkedIn: This is a social media dominated decade..with arab springs to PTA meetings being arranged ,communicated, propagated and broadcasted. Is your product getting spoken about  in those media (If your product is not getting publicity listen into the competition's product )? Use those information and map them back to your product.

While you ponder over your product data i will post my thoughts on Cloud and what that might mean to you.

Mapping Small data to Big Data

Big data for Small  and medium business is critical for the success of these firms.

Let me elaborate on how to get ready for big data...in a small way..baby steps

Get ready for Big Data : If you own a small or medium business what can you do to get ready for big data?

If your company is in the business of selling anything (if you are not selling anything would you still call it a business?) then ensure that you don't wait for the big data  to come to your rescue to improve your business in 2014 and 2015.

Back to basics: 
List all your products.
Aggregate them in groups.

Your product data is going to enriched pretty soon.. welcome the new world of big data with open arms.. learn Jargons like hadoop .. wait for a cloud solution that will help your company to provide data specific to your company's products.

What?

ok.ok.. slow down. Cloud and big data is a nice combination. Your company will need to ensure everything that is available in the internet regarding your product must be mapped back to your product.

Your keywords
Your product data
Your product review
Your company

Keywords? - Yes . ..i will elaborate on each of these in the next post.