“In 2017, The Economist declared that data, rather than oil, had become the world’s most valuable resource. The refrain has been repeated ever since. Organizations across every industry have been and continue to invest heavily in data and analytics. But like oil, data and analytics have their dark side.
According to IDG’s State of the CIO 2021 report, 39% of IT leaders say that data analytics will drive the most IT investment at their organization this year, up from 37% in 2020. Insights gained from analytics and actions driven by machine learning algorithms can give organizations a competitive advantage, but mistakes can be costly in terms of reputation, revenue, or even lives…”.