When The Economist tells business readers that ‘information management’ is the future of commercial success, it’s a fair bet that analytics and business intelligence are included. In a Feb. 25 special report, the prestigious weekly details how real-time decisions and managing the flow, accuracy and response to information will separate profits from losses, business winners from losers.One favorite quote comes from the pre-Internet past – probably a precursor of the data overload issues we face today: “What information consumes is rather obvious: it consumes the attention of its recipients,” wrote Herbert Simon, an economist, in 1971. “Hence a wealth of information creates a poverty of attention.”
What do you manage, measure or analyze? Do you call it business intelligence? Is it faster, easier and more insightful than in the days of manual labor?
Know more, guess less and make the most of the details that drive your business.
Spotfire Blogging Team
Image Credit: Microsoft Office Clip Art