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With more data available than ever, are companies making smarter decisions?


In December 2014 I wrote a post titled Finding the elusive big wisdom in big data. We have made big advances since then in storing, processing and generally handling large volumes of data in a digital context, but humans still have trouble when it comes to reliably finding relevant nuggets that can improve business outcomes. I’m revisiting the idea to see how far we’ve come and how far we still have to go.
Baseball is one of the best examples of how data can impact a business. The book and movie “Moneyball” showed how Oakland Athletics’ GM Billy Beane changed the sport by introducing advanced statistical analysis instead of simply relying on reports from human scouts. Today, baseball is ruled by analysts as much as experienced baseball professionals — but could there be too much data?
Alex Spier writ …

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