"Organizations need to develop data-driven decision-making skills to capitalize on new and emerging big data technologies, attendees were told at this week's MIT Sloan CIO Symposium in Cambridge, Mass. Intuitive decisions are not the path to success when working with the mountains of structured and unstructured information companies are collecting in big data environments, conference presenters said.
"Big data has changed the C-suite entirely," said Shawn Banerji, managing director at Russell Reynolds Associates, a New York-based technology recruiter. "Reliance on empirical data is in. Going with your gut is out."
While computers and computer users continue to create more information and technologists find new ways to slice and dice it, the skills required to analyze the data remain in short supply. It will be challenging for companies to fill leadership positions with individuals who truly understand data and how to use it effectively, MIT researchers said during a panel discussion on "The Reality of Big Data."