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data-driven decision making
Eyewitnesses Get It Wrong: An Argument for Data-Driven Decision Making
In a recent TED talk, Scott Fraser describes how even close-up eyewitnesses can create “memories” they could not possibly have experienced. He explained an important characteristic of human memory: the brain only records bits and pieces of an event or experience. The different bits are stored in different parts of the brain. When we recall those bits and pieces, we have partial recall at best.[read more]
Executives Don’t Like Analytics: Why Business Isn’t Data-Driven
The companies enjoying the greatest successes with analytics are still missing many obvious opportunities to use and benefit from analytics, even though they have hard evidence of the benefits, as well as in-house expertise and other resources. If that’s going on in the cream of the crop, imagine the level of neglect among the vast majority of businesses, the ones who aren’t profiled in bestsellers.[read more]
Poor Quality Data Sucks
Over the last few months on his Information Management blog, Steve Miller has been writing posts inspired by a great 2008 book that we both highly recommend: The Drunkard's Walk: How Randomness Rules Our Lives by Leonard Mlodinow. In his most recent post The Demise of the 2009 Boston Red Sox: Super-Crunching Takes a Drunkard's Walk,...[read more]
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SmartData Collective
“Data variety is indeed both a challenge and an opportunity. I work for Gnip and we provide social data from a variety of sources and are constantly talking about what we call The Social Cocktail. We normalize the streams to help businesses overcome some of the challenges presented in this articles The Curse and Challenge of Data Variety section. Our customers are using multiple data sources ...”
“Interesting post... I've been an admirer of Rick's for years and had no idea that this is what he is interested in right now. Good for SAP for having him at SAPPHIRE.”