INTRODUCTION: FAIL FAST, LEARN FASTER
“Ever tried. Ever failed. No matter. Try again. Fail again. Fail better.”
—Samuel Beckett
The world is in a race to become data-driven – now more than ever. The warp-speed effort to organize scientific and epidemiological data from across the globe in a heroic effort to find a COVID-19 vaccine has illustrated the urgency and existential nature of this quest. We need data, science, facts, knowledge, and insight to make informed, wise, and critical decisions. Now more than ever, data matters, and having good data matters tremendously.
Becoming data-driven doesn't just happen. It requires leadership, and vision. Be it in the business world, government, scientific communities, universities, professional sports, or other facets of society, data-driven leadership can be what distinguishes organizations that succeed, that learn and prosper, and grow and reinvent themselves, from those that fail in their efforts to do so.
Today, we live and operate in a world that is increasingly impacted by the existence of Big Data. Big Data refers to the existence of extensive sources and repositories of data of many different forms and varieties, which have become available in increasingly vast quantities in recent decades. To enable insight and knowledge, these sources of data must be identified, captured, and analyzed. In business, data is the lifeblood that drives competition, innovation, and disruption.
Since its emergence, a decade ago, Big Data has ...
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