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Author of Turning Data Into Wisdom

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What are a few of the key blockers organization’s face turning data into wisdom?

July 28, 2020 by superwisdom Leave a Comment

There are many risks associated with the increasing amount of data available today. These risks can have a negative impact and can cost organizations millions of dollars in lost opportunities and added costs.

These risks can be organized into the following categories:

  • basing decisions on data that is incomplete, incorrect, or not trusted
  • basing decisions on incorrectly built and interpreted visualizations and analytics
  • making biased decisions
  • making ineffective decisions based solely on data
  • making ineffective decisions due to the organizational culture
  • incorrectly communicating decisions
  • basing decisions on data that may be unethical or illegal

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