By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data Analytics instagram stories
    Data Analytics Helps Marketers Make the Most of Instagram Stories
    15 Min Read
    analyst,women,looking,at,kpi,data,on,computer,screen
    What to Know Before Recruiting an Analyst to Handle Company Data
    6 Min Read
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: The Art and Science of Data
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Collection > The Art and Science of Data
Big DataData CollectionData Management

The Art and Science of Data

Rehan Ijaz
Last updated: 2020/11/21 at 10:36 PM
Rehan Ijaz
5 Min Read
SHARE

 

Constant change seems to be the prevailing theme of the postmodern world. Almost everything around us transformed over the last century and the impact is clear. Constant change means uncertainty and, for businesses especially, it also means risk. So how do we overcome said uncertainty? Most people are wired to avoid uncertainty but as entrepreneurs well know, where risk is questionable so, too, are the rewards.

That is precisely why many entrepreneurs have mastered the art of coping with uncertainty. Forbes contributor, Linda Piea, emphasized as much a few years ago. Some draw strength from their mission to gradually cultivate resilience whereas others deliberately seek and embrace uncertainty. While no single mindset described by Linda appears superior to another one, it is clear that successful entrepreneurs mean to internalize uncertainty in productive ways.

The benefits of becoming comfortable with uncertainty were highlighted much more recently by Patti Johnson at the Harvard Business Review. ?The best leaders know how to keep moving forward in ambiguous situations,? wrote Johnson. ?Whether it?s a shifting industry or a PR emergency, they?re expected to make decisions even in extremely uncertain circumstances.? Exercising consistently sound judgment under intense pressure is no trivial undertaking. In fact, it is nearly impossible by relying exclusively on seasoned intuition and nerves of steel. At some point, the best entrepreneurs begin to mitigate risk by simply reducing uncertainty wherever possible. And we?re fortunate because our collective ingenuity has armed us with powerful new tools equipped to do exactly that.

More Read

data breaches

How Hospital Security Breaches Devastate Local Communities

What to Know Before Recruiting an Analyst to Handle Company Data
Tackling Bias in AI Translation: A Data Perspective
Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Tips to Protect Office 365 Systems from Data Breaches

Countless industry leaders now turn to data analytics before making major decisions but why stop there? Contributing writer, Bob Violino, published a CIO article drawing attention to the unexpected advantages of examining collected data. ?Given the exploratory nature of data analytics, sometimes benefits or insights gleaned are out of the blue,? stressed Violino. His publication is effectively a series of mini business cases that reinforce how curious teams accidentally stumbled upon transformative insights. The presented evidence is definitely more compelling than not.

All sorts of organizations could stand to gain from harnessing data responsibly. That is especially true for businesses competing on the digital forefront. An edge over the adversaries can make a tremendous difference. Consider, for instance, multimillion-dollar sales or service contracts that usually unfold over extended periods?months, possibly years. Those might be streamlined only after extracting hidden wisdom from a robust time series database. Commercial utilization is the tip of the iceberg. Government agencies and nonprofits are no exception, either. They, too, could reap the rewards of data analytics.

While numerous industry professionals do little more than profess how promising technologies are, others are conscientious enough to also infuse a degree of realistic caution. Lisa Morgan at Inc did precisely that when she suggested three tips related to data analytics. One common issue is that far too many novice business leaders are susceptible to sophisticated exploits. ?Tools aimed at business users may be oversimplified,? explained Morgan. ?Some vendors will say that if one simply presses a button, magic will come out the other end.? Discerning between science fact and science fiction is not easily or reliably accomplished by laypeople. Keep her perspective in mind before diving headlong into data analytics

Suffice it to say that tackling uncertainty is an ambitious feat regardless of who tries. Success depends on a balanced blend of mettle and mindset. The disciplined and naturally adventurous amongst us might find the endeavor appealing, but it doesn?t necessarily have to be that way. Nearly everyone can agree that uncertainty is here to stay, which means we can either learn to cope effectively or fall prey to chance more often than not.

Rehan Ijaz February 6, 2019
Share This Article
Facebook Twitter Pinterest LinkedIn
Share
By Rehan Ijaz
Follow:
Rehan is an entrepreneur, business graduate, content strategist and editor overseeing contributed content at BigdataShowcase. He is passionate about writing stuff for startups. His areas of interest include digital business strategy and strategic decision making.

Follow us on Facebook

Latest News

ai low code frameworks
AI Can Help Accelerate Development with Low-Code Frameworks
Artificial Intelligence
data Analytics instagram stories
Data Analytics Helps Marketers Make the Most of Instagram Stories
Analytics
data breaches
How Hospital Security Breaches Devastate Local Communities
Policy and Governance
analyst,women,looking,at,kpi,data,on,computer,screen
What to Know Before Recruiting an Analyst to Handle Company Data
Analytics

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data breaches
Policy and Governance

How Hospital Security Breaches Devastate Local Communities

7 Min Read
analyst,women,looking,at,kpi,data,on,computer,screen
Analytics

What to Know Before Recruiting an Analyst to Handle Company Data

6 Min Read
data perspective
Big Data

Tackling Bias in AI Translation: A Data Perspective

9 Min Read
Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices
Best PracticesBig DataData CollectionData ManagementPrivacy

Data Ethics: Safeguarding Privacy and Ensuring Responsible Data Practices

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.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?