THE GETTING OF WISDOM

Abstract

Data has long been regarded as a re-useable asset providing the basis of decision-making within an organisation. Much effort has been put into defining data structures that best fit the business requirement to allow this vital asset to be properly managed. The emerging trend is to ensure that the information derived from data and the reasoning behind it are readily available and accessible for sharing with other parts of the organisation. Doing this mobilises the collective intellectual might of the organisation and is the product of leveraging value from the investment in data acquisition. The ultimate measure of value is in the quality and speed of decision-making. The consequence of the decision leads to the 'Getting of Wisdom', (from the book of the same title by author Henry Handel Richardson, 1910).