"Data are becoming the new raw material of business." -- Craig Mundie, Head of Research and Strategy at Microsoft. Given the importance of information technology (IT) in the modern business environment, IT terms have inevitably leaked into the common parlance of today's office. For example, "data silos" occur when incompatible systems lack an interface through which they can share data. Databases become isolated from each other, and it becomes increasingly difficult to collect all the data needed to make effective decisions. Often this becomes institutionalized. Groups within the organization consider themselves isolated entities, with no need or desire to work together. Some even compete for limited resources. Ultimately, productivity stagnates due to lack of cooperation, … [Read more...]
