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Tonight's chuckle(head) from CoinFlation headlines...
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<p>[QUOTE="Jaelus, post: 3147049, member: 46237"]No, it's not. Data is the base of that pyramid for a good reason. People got this wrong for a long time. Take for example you want to write a survey of your customers. Most people start coming up with questions - this is the wrong approach. You start by working backwards figuring out what you want to find out and reverse engineering that back into the data you need to have. Then you work forward again to phrase questions around collecting that data. People got smarter about data collection because they realized if the market, regulations, etc. change down the line and you don't <i>already</i> have the customer data you need on previous periods, you can be literally years behind your competition. And so, we had the <i>wisdom</i> to realize it was better to collect as much data as possible without necessarily knowing the application for it at this point in time. Out of this came growth in technology and applications for data warehousing and interoperability. This is a very good thing.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 3147049, member: 46237"]No, it's not. Data is the base of that pyramid for a good reason. People got this wrong for a long time. Take for example you want to write a survey of your customers. Most people start coming up with questions - this is the wrong approach. You start by working backwards figuring out what you want to find out and reverse engineering that back into the data you need to have. Then you work forward again to phrase questions around collecting that data. People got smarter about data collection because they realized if the market, regulations, etc. change down the line and you don't [I]already[/I] have the customer data you need on previous periods, you can be literally years behind your competition. And so, we had the [I]wisdom[/I] to realize it was better to collect as much data as possible without necessarily knowing the application for it at this point in time. Out of this came growth in technology and applications for data warehousing and interoperability. This is a very good thing.[/QUOTE]
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