A Disproportion of Theory to Knowledge Means Speculation and Guessing Thinking of the missing Malaysian Airlines flight MH370, it certainly is true. Much speculation but few facts. I waited more than two weeks to make this post, first hoping that there would be a happy conclusion to the disappearance, and then hoping simply for some […]
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Trust your numbers, but never trust your gut. Always trust your numbers. Never trust your gut. Those are the words of Daniel Kahneman, the economics Nobel laureate. In an video interview series with Inc. Magazine’s Editor in Chief, Eric Schurenberg, Kahneman tells us that experts tend to be overconfident, and make predictions without enough information. We are
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These four complicating factors will challenge even the best decision-makers What are these complicating factors, and what should you do about them? Way back in October, I examined the Harvard Business Review (HBR) article “Deciding How to Decide” on page 63 of the November 2013 issue, written by Hugh Courtney, Dan Lovallo, and Carmina Clarke. Look at
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Have you Prepared your Data Quality Baseline? Has your organization planned a data quality initiative for 2014? If so, have you prepared your 2013 data quality baseline? Data quality initiatives are great if they produce measurable results. How do you measure the results of a data quality initiative? By preparing a data quality baseline before
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Yes, Even You Can Make Smart Decisions Last post, I told you about the Harvard Business Review (HBR) article written by Hugh Courtney, Dan Lovallo, and Carmina Clarke. You will find “Deciding How to Decide” on page 63 of the November 2013 issue. According to the authors, “Senior Managers are paid to make tough decisions.”
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It’s a Good Question! How do you make smarter decisions? According to Hugh Courtney, Dan Lovallo, and Carmina Clarke, authors of the Harvard Business Review (HBR) article “Deciding How to Decide” on page 63 of the November 2013 issue, “Senior Managers are paid to make tough decisions.” You might remember Dan Lovallo as a co-author
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As the consulting industry changes will you be the disrupter, not the disrupted? Will you be the disrupter, not the disrupted? This is the question that came to mind as I read Consulting on the Cusp of Disruption, by Clayton M. Christensen, Dina Wang, and Derek van Bever, in the October 2013 issue of the
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High Confidence in Your Data – IBM Gets Serious IBM is serious about you having high confidence in your data. Last week, on September 10th, IBM let us in on many aspects of its Big Data strategy. I thought the best part was their focus on Confidence in Big Data. Big Confidence in Big Data
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Did Business and IT Executives see the causes of poor data quality the same way? Our survey investigating the causes of poor data quality leading to negative business outcomes has been in flight for four weeks now. You can read about our first survey insights here, and the survey launch here. I’m running this survey
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Customer-Related Data Quality Pain in Early Survey Results We have an early yet strong indication of customer-related data quality issues across the full size range of organizations responding to our Poor Data Quality Survey. While there are many other areas of inquiry within our survey, I’ve selected customer data quality for this review because of its
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