Inventor and publisher Ben Franklin wrote that early to bed and early to rise had that desirable result. Business authors John Sviokla and Thomas Davenport see it differently. They give some credit to analytics and information gathering.
In the Harvard Business Review blog, they contend that millions of people making individual decisions are changing the medical and finance fields – at the same time the ability to analyze those markets quickly and in-depth is changing the behaviors of individuals in those markets.
Buying and selling stocks, bonds, healthcare services and other assets means that people have to make decisions in their own best interests. And data ABOUT those decisions — even what people are researching in ‘trending’ sites like Google or Twitter can affect the results. Today’s access to analytics and data means people CAN make better choices with more current and complete information (sounds like business intelligence) instead of blindly following advice from either stockbrokers, doctors or neighbors.
Read more about the impact of analytics and changing consumer behaviors at the HBR blog.
And tell ‘em Ben sent you.
Spotfire Blogging Team
Image Credit: Microsoft Office Clip Art