Tag: Big data analytics

Jim Harris 0
Big data versus the not-so-humble opinion

Henrik Liliendahl Sørensen recently blogged about the times when a HiPPO (Highest Paid Person’s Opinion) outweighs data in business decision-making. While I have seen plenty of hefty opinions trump high-quality data, those opinions did not always come from the highest paid person. The stubborn truth is that we all hold our

Jim Harris 0
Big data and omission neglect

In my previous post, I used the book Mastermind: How to Think Like Sherlock Holmes by Maria Konnikova to explain how additional information can make us overconfident even when it doesn’t add to our knowledge in a significant way. Knowing this can help us determine how much data our decisions need to be driven