Traditionally, managers depended on experience and intuition to develop insights—“gut feel,” if you will. Most often a gut feel is based on past experiences. Gut feel and intuition are important but in a fast-changing competitive environment, experience of the past is less and less valuable. Foresight, not hindsight, is of value. Foresight is a result of understanding, through structured and unstructured data, the unfolding of competitive dynamics…..Continue reading Analytical Tools Provide Business Insights
Tags: new age of innovation, CK Prahalad, M.S. Krishnan, the new age of innovation, n=1 & r=g world, strategic innovation, Analytical Model, Analytics, Business Insights, Real-time analytics, foresight, Medstory, structured data, unstructured data