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Data isn’t Everything

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Over the past 30 years, and increasingly the last 10 years, we have seen the rise of the quants, which Felix Salmon defined in his article "Why Quants Don’t Know Everything" as “people whose native tongue is numbers and algorithms and systems rather than personal relationships or human intuition. They find numerical patterns or invent ingenious algorithms that increase profits or solve problems in ways that no amount of subjective experience can match.”

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Comments (1)
No data isn't everything. However, when an organization has access to quality data and has a solid strategy for analysis and utilization, it harnesses great power -- a primary reason why a vast majority of organizations in a recent SAS poll show the intention to upgrade their capabilities this year.

Peter Fretty

Posted by Peter F | Friday, August 15 2014 at 2:14PM ET
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