Data is cheaper to come by and easier to play with than ever. Business failure is also more common. An author on using data at work says the two are related, in ultimately positive ways. To begin with, were more willing to experiment, because we know were more likely to be wiped out. More than big computers or huge databases, diversity of information is at the heart of what is called big data. That term may be somewhat hyped, but there is no doubt that analysis of standardized information is becoming the norm in more of our lives, from personal medicine to real-time analytics of big industrial machines. (source infra)
Fail Cheaper, Fail Better - NYTimes.com: "One big result of this failure-driven world, Mr. Croll says, is that organizational leadership is changing toward a more structured learning environment. “In the past, a leader was someone who could get you to do stuff in the absence of information,” he says. “Now it’s the person who can ask the best question about what’s going on, and find an answer.”" (read more at link above)
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