Reality Bytes - Wired Perspectives #AnandKumarPadmanaban

Decisions need data and analysis and the ability to make the right decisions, especially in resource intensive sectors like IT are posing an interesting challenge. The difference between a right decision and the wrong decision could run into thousands of dollars or more and added to that the net cost of the investment gone wrong in terms of business inefficiencies and business lost. Some key questions which typically arise are Value (including “intangible” benefits)?  Risk Management How do I know whether one IT investment is “better” than another (IT or otherwise)?      How do I know when to stop analyzing, accept some risk, and make a decision?   How do I know viability of approach ?         Applied Information Economics (AIE) is the practical application of mathematical models and scientific measurements in order to optimize decisions in uncertain  investment environments. In IT, measuring wha...

There is a great possibility that ideas could be destroying your organization. Puzzled? Join the gang as I was too until I read the article creativity in not enough. Ideas for the sake of ideas without rigorous implementation models and follow up lead to organizational chaos.  Typically successful ideation models have proven to be successful when the organization insider, the apparent conformist has driven an idea through evaluation, implementation and follow up.  This Harvard Business Review article is a thought provoking article on this topic ... Here is the synopis of the article ....