Why Businesses Need To Shift Data Analysis From The Centre To The Front Line


Some of this, of course, can be put down to the old adage that the information coming out is only as good as the figures put in. Even in this age of enormous computer power, the human factor is of vital importance. But also significant is how the data is analysed. Businesses are increasingly complex and just looking at one sort of data or figures from one area of the business is unlikely to be sufficient to provide the insights required to make properly informed and potentially transformational decisions. In short, they need to look beyond one set of data and see how it relates to data in other areas or how it may have been influenced by an earlier decision.

Source: www.forbes.com

Some of this, of course, can be put down to the old adage that the information coming out is only as good as the figures put in. Even in this age of enormous computer power, the human factor is of vital importance. But also significant is how the data is analysed. Businesses are increasingly complex and just looking at one sort of data or figures from one area of the business is unlikely to be sufficient to provide the insights required to make properly informed and potentially transformational decisions. In short, they need to look beyond one set of data and see how it relates to data in other areas or how it may have been influenced by an earlier decision.

See on Scoop.itData Nerd’s Corner

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