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Bad data led to BP Oil Spill & Financial Meltd

mattwarden (699984) writes | more than 3 years ago

Businesses 0

mattwarden (699984) writes "Flying blind when making decisions without supporting data is bad enough, but even worse is believing your data is giving you insight into a process or situation when it isn't. "I'd rather be blind than misled."

Greater risk may result when an entity improperly interprets its data, or believes its data can answer questions that it can't answer. In fact, bad or misunderstood data contributed to both the current BP oil spill crisis and the bank meltdowns of 2008-09."

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