There’s a very strong confirmation bias for all content today, regardless of whether it’s entertainment, news, or just information. It will grow even stronger as technology improves. As content distributors, we are fighting the hardest fight ever: getting through the personal filters of people who have opted into their own world view. Many have no interest in getting out of it. […] The free and … [ Read more ]
Content: Quotation | Author: Shelly Palmer | Source: strategy+business | Subjects: Customer Related, Information, Knowledge, Marketing / Sales, Personality / Behavior
The wealth of humanity is limited by our ability to produce goods and services of value. The production of goods and services of value increasingly rests on the collection, processing and management of information. There is no value without the knowledge of what can be produced, what ought to be produced, and how it can be produced most effectively. It is the information-processing structures of … [ Read more ]
Content: Quotation | Author: Ryan Avent | Source: Evonomics | Subjects: Economics, Information
Information, like electricity, is energy. Just as electrical energy is energy for mechanical tasks, information is energy for mental tasks.
Content: Quotation | Author: Peter F. Drucker | Source: McKinsey Quarterly | Subjects: Information, Knowledge
Psychology tells us that the one sure way to shut off all perception is to flood the senses with stimuli. That’s why the manager with reams of computer output on his desk is hopelessly uninformed. That’s why it’s so important to exploit the computer’s ability to give us only the information we want—nothing else. The question we must ask is not, “How many figures can … [ Read more ]
Content: Quotation | Author: Peter F. Drucker | Source: McKinsey Quarterly | Subjects: Analysis, Decision Making, Information, Knowledge, Thought
We cannot put on the computer what we cannot quantify. And we cannot quantify what we cannot define. Many of the important things, the subjective things, are in this category. To know something, to really understand something important, one must look at it from 16 different angles. People are perceptually slow, and there is no shortcut to understanding; it takes a great deal of time. … [ Read more ]
Content: Quotation | Author: Peter F. Drucker | Source: McKinsey Quarterly | Subjects: Analysis, Information, Knowledge, Thought
Analytics is to management as a light bulb is to darkness: it is illuminating and helpful in revealing both future opportunities and pitfalls. Descriptive analytics seeks to understand past data and is widely used. Predictive analytics seeks to understand the future. This is a challenge for many firms, since it brings in risk (the future is uncertain) and the need to manage risk. Prescriptive … [ Read more ]
Content: Quotation | Author: Peter Bell | Source: Ivey Business Journal | Subjects: Analysis, Information, IT / Technology / E-Business
I don’t think there’s any perfect organizational structure. But we tend, unfortunately, to perceive reorganization as a negative thing. Companies use structures as a means to an end—to coordinate activity, to capture and share information, and to get the right expertise to bear on the right problem. There’s nothing wrong with changing structure.
But there’s a nuance to it. In a fast-moving environment, structures that require … [ Read more ]
Content: Quotation | Author: Rita Gunther McGrath | Source: strategy+business | Subjects: Information, Organizational Behavior
Finding is reserved for the searchers. We don’t find what we need; we find what we search for. Needing is not a prerequisite to getting value. You can’t be a needer, you have to be a searcher.
Content: Quotation | Subjects: Information, Knowledge, Personal Development
The Net is creating a demand for navigators—individuals (or computer programs) who can take people and businesses with their own information-overflow problems by the hand to help them find their way through a thicket of information.
Content: Quotation | Source: Across the Board (ATB) | Subjects: Information, Knowledge
Data is heavy. It wants to go down, not up, in an organization. In other words, most employees, just by the nature of their responsibilities, don’t want to provide data to their bosses. When there’s a problem, they want to solve it and tell the people above them that they solved it. Information about problems thus sinks to the bottom, out of the eyesight and … [ Read more ]
Content: Quotation | Author: Clayton M. Christensen | Source: strategy+business | Subjects: Decision Making, Information, Knowledge, Management, Organizational Behavior
Those who conscientiously attempt to keep abreast of current thought, even in restricted fields, by close and continuous reading might well shy away from an examination calculated to show how much of the previous month’s efforts could be produced on call. Mendel’s concept of the laws of genetics was lost to the world for a generation because his publication did not reach the few who … [ Read more ]
Content: Quotation | Source: Vannevar Bush | Subjects: Education, Information, Knowledge, Learning
There’s no such thing as information overload, there’s only filter failure.
Content: Quotation | Author: Clay Shirky | Subject: Information
In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
Content: Quotation | Author: Herbert Simon | Source: Deloitte Review | Subjects: Attention, Information
With digital technology, as with every other information technology, the entity with greater information freedom wins.
Content: Quotation | Author: Elin Whitney-Smith | Source: strategy+business | Subjects: Information, IT / Technology / E-Business
Lasting innovation in an information revolution doesn’t come from the elite, or from people who already have access to wealth and authority. It comes from the edges, from people who are just gaining access for the first time.
Content: Quotation | Author: Elin Whitney-Smith | Source: strategy+business | Subjects: Information, Innovation, IT / Technology / E-Business
One of the best ways to improve retention of the material you are about to read is to imagine yourself having to tell someone else about it. That act of imagining yourself as teacher completely changes the way you read. As you turn the pages, you start to anticipate what would be most interesting and applicable to your “class.” You begin to organize the structure … [ Read more ]
Content: Quotation | Author: Todd Sattersten | Source: ChangeThis | Subject: Information
In the Information Age, information was a relatively scarce resource that conferred competitive advantages on those who obtained it. In the Knowledge Era, by contrast, information is virtually free. We often feel we’re drowning in the stuff. In theory, the true competitive advantage stems from turning all this information into useful knowledge. It’s a nice theory, as far as it goes. The truth, however, is … [ Read more ]
Content: Quotation | Source: American Management Association (AMA) | Subjects: Decision Making, Information, Knowledge
The average person in the U.S., even if he or she doesn’t illegally download music or movies, violates copyright laws so many times a day, according to John Tehranian, a law professor at the University of Utah, that if he or she were sued for just one day’s worth of violations, the damages would amount to about $12.45 million. It involves everything from forwarding an … [ Read more ]
Content: Quotation | Author: Matt Mason | Source: strategy+business | Subjects: Information, Intellectual Property, Knowledge
Wolfe argues, in a distinction particularly powerful as we grapple with the limits to the information age, that information is what machines can pass back and forth, or construct by analysis, while meaning is what only people can make. Meaning, as he defines it, is a macrophenomenon that involves making larger sense out of smaller bits, while information reduces larger complexity into smaller, and presumably … [ Read more ]
Content: Quotation | Source: Harvard Business School (HBS) | Subjects: Information, Knowledge
If you gave away every idea you ever had, people would still step up to ask you to help them, or do it for them. The same can’t be said if you don’t share with them at all. …As our friend Sean D’Souza likes to say, “Give the ideas. Sell the system.”
Content: Quotation | Source: GrokDotCom | Subjects: Competition, Information