Sunday, April 15, 2007
Can't see the wood for the trees - buried in data?
With the enormous growth in computing power over the past 25 years, businesses have many magnitudes more data than they used to. Yet, human brain power has not changed. So management is faced with more data than it can process to make decisions. As a result, many decisions may be worse than they used to be. Companies have not spent enough time on improving human analysis and decision-making vs. on IT and data collection.