Feb 23 • 12:57 UTC 🇲🇽 Mexico El Financiero (ES)

Abundance of Data and Perpetual Deficit of Its Good Understanding

The article discusses the overwhelming presence of data in organizations and the challenges in effectively interpreting and utilizing that data for decision-making.

In today’s world, organizations are inundated with data generated automatically or entered manually across various systems. However, the sheer volume of data does not guarantee that it is effectively categorized, analyzed, or converted into actionable insights that are relevant to a corporation's objectives. There is often a gap between the availability of data and its meaningful interpretation, which can undermine its value to decision-making processes.

The article emphasizes that data should be collected and structured systematically, relying on specific hypotheses or real-world interpretations to maximize their relevance. It advocates for a disciplined approach in managing data to prevent it from losing its illustrative or reference value over time. The need for organizations to develop their intellectual capabilities to process this information is underlined, as simply having access to data is not enough to ensure effective governance or strategic direction.

To address these challenges, the article offers three reflective points on enhancing decision-making through data comprehension. It suggests that data should not be consumed in abstraction but rather processed with an understanding of its context and implications. This perspective seeks to encourage decision-makers to cultivate the intellectual 'muscle' necessary to derive insights from data effectively, thus improving their organizational governance and strategic outcomes.

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