#McKinsey says “shortage of talent necessary for organizations to take advantage of big data”
To paraphrase an old expression, “you cannot manage what you cannot, or don’t, measure” is more true today than ever. However, William Edwards Deming also said “that one of the seven deadly diseases of management is running a company on visible figures alone.”
Confusing, right? Well, not really. They are both right. Decisions should be made using the greatest amount of information available. Selecting the appropriate decision criteria and properly weighting them is paramount.
If your competition can do that faster than you… who is going to win?