Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Do We Really Need More Data?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > CRM > Do We Really Need More Data?
Business IntelligenceCRMData MiningPredictive Analytics

Do We Really Need More Data?

JamesTaylor
JamesTaylor
3 Min Read
SHARE

Stephen Few had another of his great posts on his Visual Business Intelligence blog – Do We Really Need More Data?. Stephen’s posts are always worth reading – I highly recommend the blog – and this one prompted me to comment and I thought I would reproduce the comment here.

I see this problem regularly, albeit from a slightly different perspective. I often come across organizations that insist they need to gather more data, clean it more thoroughly or integrate it more tightly before they can do anything else. Yet they have not thought about the decisions they are trying to make with that data. When they do, they sometimes realize that they have all the data they need for that decision or that cleaning the data better won’t improve the decision making. Often they discover that the data they need to improve the decision is not the data they were going to collect or clean or integrate. Sometimes what is needed to make better decisions is not even data, but a better understanding of regulations or policies.

This “data-first” attitude does not help organizations – unless they understand the decisions they are making, how they are making them and, as you say, what their mental models/uns…

More Read

business intelligence for exhibitions
Business Intelligence for Fairs, Congresses and Exhibitions
Finally … From Performance Management to Performance Optimization
Top Market Researchers on Twitter
Change is here. Goodbye to Yahoo!, and Hello to Barnes and Noble [4]
Leveraging Data with Business Intelligence Analytics Tools

Stephen Few had another of his great posts on his Visual Business Intelligence blog – Do We Really Need More Data?. Stephen’s posts are always worth reading – I highly recommend the blog – and this one prompted me to comment and I thought I would reproduce the comment here.

I see this problem regularly, albeit from a slightly different perspective. I often come across organizations that insist they need to gather more data, clean it more thoroughly or integrate it more tightly before they can do anything else. Yet they have not thought about the decisions they are trying to make with that data. When they do, they sometimes realize that they have all the data they need for that decision or that cleaning the data better won’t improve the decision making. Often they discover that the data they need to improve the decision is not the data they were going to collect or clean or integrate. Sometimes what is needed to make better decisions is not even data, but a better understanding of regulations or policies.

This “data-first” attitude does not help organizations – unless they understand the decisions they are making, how they are making them and, as you say, what their mental models/unspoken rules might be they will never improve performance.


Link to original post

TAGGED:data visualizationdecision management
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Apples and Oranges

4 Min Read

Beat the Clock with Decision Management

5 Min Read

Find yourself a safer place to swim or fish in the Bay Area

4 Min Read

Big Data: What can an energy company teach us about data science?

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?