Sunday, June 20, 2004

Eliminating the Guesswork in B. Decisions...

Read on a Business Intelligence Portal:
"Today, the biggest threat to businesses is a lack of information or even worse incomplete information. Without all the facts, decisions are made, and risks and opportunities are assessed based on anecdotal, incomplete or outdated information – otherwise known as guesswork".

I would argue that the opposite of this phrase is also true:
"Today, the biggest threat to businesses is too much information or even worse overcomplete information. Without this abundance of detailed facts, loads of useless and contradicting data, and poorly integrated information systems, strategic decision making and risk management could focus on the factors that matter and would be far less complicated and more effective".