| | JUNE 202019CIOReviewWith businesses today being constantly inundated with huge amounts of information and data, many are facing information overload. Yet the ability to accurately gather, decipher and capitalize on this data is becoming increasingly vital to a business's growth, competitive edge and overall success. Today companies need an effective business intelligence (BI) strategy, one that accounts for the latest trends and can identify and avoid data biases. Seeking WisdomThe BI landscape today is primarily built around the Data, Information, Knowledge, and Wisdom model, or DIKW. It begins with the collection of data from various sources and ends with the moving and converting of it into organized data.The most salient information derived from that data is then analyzed and used to create knowledge. Finally, the acquired knowledge can be used to gain wisdom about how to build system architecture and implement plans and technology based on business priorities. It is all about using new technological tools and capabilities to help established businesses and entrepreneurs create and apply wisdom inside business operations and make data-evidence-based decisions. Uncovering Data BiasTechnological expansion is leading to an exponential increase in the amount of data produced every day. While the effective collection and analysis of USING BUSINESS INTELLIGENCE By Earl Newsome, Global VP & CIO, Praxair, Inc.TO ACHIEVE ORGANIZATIONAL SUCCESS CIO INSIGHTS
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