From the course: Data-Driven Decision-Making for Business Professionals
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Data context and digital transformation
From the course: Data-Driven Decision-Making for Business Professionals
Data context and digital transformation
- What if I told you that $20 bill in your pocket tomorrow is only worth $1? Or, depending the decision you make today, it might be worth $100, how would you feel? I get a little nervous myself that my decisions could have such effects, that what I think is valuable today might not be true tomorrow. The same uncertainty is true for our data. The value of data today may not be the same value tomorrow. What is a competitive advantage today will be common knowledge tomorrow. And this often comes from the power of technology. As easy as technology makes it for you to synthesize data and view reports and trends, technology also provides the ability for data to grow exponentially. So in today's work, no longer does size or access become the only factor in helping you make smart decisions. With data-driven decision making, you're going to need accuracy of your data, speed of accessing the data, and the ability to filter and…
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