Dr. Wenwey Hseush ‘s Perspective: Data – A Prominent Discipline Where Everyone Feels Confident but Lacks Certainty
In the past, data analysis that used to take weeks can now be completed in a matter of seconds. Managers can make real-time decisions without waiting for IT reports, transforming the landscape of decision-making in the business arena. The exponential growth in transistor numbers, following Moore’s Law in computer science, has brought about a critical juncture where the quantity of data turns into a qualitative transformation. This paradigm shift, driven by technological advancements, has not only revolutionized the way we live and work but has also ushered in the era of big data and artificial intelligence. However, amidst the potential and promises of data, the challenges lie in recognizing the human factors behind the data, understanding the nature of data, and effectively translating data initiatives into long-term assets for businesses.