Dateline: October 20, 2017
Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.
In a world of increasing dependence on data and the data-driven decisions that result, there are still many misconceptions that can send managers off in the wrong direction and cost an organization big bucks. Mark Wilczek, a digital strategist blogger, recently wrote a blog about the Five Big Data Misbeliefs that Could Cost Organizations Millions. He suggests,
Here are five misbeliefs about big data that many organizations cling to. They can convince a firm to invest funds where they shouldn’t, or not invest where they need to.
#1: More data delivers greater value
#2: Cloud storage is ‘free’
#3: All data is equal
#4: All users are compliant
#5: We’re safe and don’t need to prepare for a data breach
Which of these myths does your organization believe? How can you make sure your leaders don’t fall into one of these traps?
That’s a WRAP! Have a great weekend!
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