Over last two decades organizations have moved from ‘hunch’ to ‘number crunch’. I have known some organizations who now stress more on social sentiment analytics than subject matter experts’ opinions. We are not here to discuss whether this is right or wrong but we can’t ignore the fact that data and numbers have become foundation of corporate decision making system.
I was reading about some of the digital technology usage stats and the figures are just mind-boggling. We have left kilos and megas long back and we are in the world of petas and exas today. Soon we will upgrade to the world of zettas and yottas. The point I am trying to make is that we are creating so much of data today that if we do not manage it properly then it will create data chaos. And if we leave it mismanaged for some more time then situation will become chronic.