Analytics, we are repeatedly told, will enable us to have these wonderful insights that will change our business and transform society, probably abolish world hunger at the same time. And the only reason they're not doing so is because we have not been able to implement it well. All true, but to my mind a bit of bollocks. Its a bit like Nike advertising the same shoe that Michael Jordan has, and the only reason we're not in the NBA Basketball Hall of Fame yet is that we just haven't put in the hours of practice required. Here's the problem with insight in analytics. One, insightful analytics is very very hard. It requires a lot of investment; to go back to the Jordan analogy it takes thousands of hours of practice to get anywhere near the NBA. One basically sacrifices everything else in life - something the average person is just not going to be able to do. A company whose job is analytics will put in the investment (an investment research firm, for instance) but a ...
The armchair is a wonderful place for bold opinions