In an article titled, “Good Data Won’t Guarantee Good Decisions,” that appeared in the April 2012 issue of the Harvard Business Review (by Svetank Shah, Andrew Horne and Jaime Capella), the authors make the case that most companies have too few analytics-savvy workers. They further state that there is a strong need to develop them so that there are sufficient “informed skeptics” to make good decisions based on good data. While this article focuses on the process and people aspects of good decisions, it is clear that the need for good data itself does not get diminished at all, not to mention the need to obtain this data in an economical manner.
It is my belief that SAP HANA can play a significant role in this matter, because with lowered costs of data, organizations can go further. In the process of doing so they will be able to unmask other needs that can point to additional improvement opportunities.
I look forward to your views on the subject.