SAP expected to announce on 9/29 a partnership with LinkedIn to expand its social media offering. More @ http://tinyurl.com/yegw3yt

Twitter's Value Is Set at $1 Billion. More @ http://tinyurl.com/ybrauhw

"Augmented reality" in the field of decision making? Your opinion on the Culture of Performance group @ http://tinyurl.com/o89vep

Augmented reality...how about just reality?

"Augmented reality or "AR" is getting a lot of press these days.  While the Economist Technology Quarterly features it in a positive light, FastCompany provides a dubitative opinion of the opportunity.  If you are not familiar with AR, it refers to technology that overlays information on top of real-life experiences in order to enhance them (watch this Nokia Research below video for more context).
 
While the visionary videos and articles are interesting, research suggests that people are not equipped to handle the information that is already available to them.  This year, Accenture published a report that shows that executives make decisions based on gut feel 40% of the time.
 
According to the research, employees and managers alike are having a hard time finding 'good' data to support their decisions, or when data is available, technology to use and share it prevents them from taking full advantage of it.
 
In your opinion - what needs to happen so we can get "augmented reality" in the field of decision making?
 
Join the discussion on the Culture of Performance LinkedIn group @ http://tinyurl.com/o89vep
 
References: 
FastCompany article and Nokia's video @ http://www.fastcompany.com/blog/chris-dannen/techwatch/nokias-sad-augmented-reality?1252911284
Economist article @ http://www.economist.com/search/displaystory.cfm?story_id=14299602
CIO magazine quoting Accenture's research @ http://advice.cio.com/thomas_wailgum/to_hell_with_business_intelligence_40_percent_of_execs_trust_gut

Join and connect through our newly created "Culture of Performance" linkedin discussion group @ http://tinyurl.com/o89vep

Drive Business Performance featured as a Information Management magazine research @ http://tinyurl.com/pq2n6t

Interesting article on BusinessWeek social networking experiment. Costs $16M, generates 600k..interesting..more @ http://tinyurl.com/lve9kg

Do you have too much data, too little of the right one or both? Join the conversation @ http://ping.fm/4H2Vk

Does your organization have too much data, too little of the right one or both?

Great WSJ article on the issue of information management and decision making.  Although the article is specific to the scientific community, the same issues exist in the business world (see article @ http://tinyurl.com/nscpq9)

My favorite quotes are:
○ "Our ability to collect data now outstrips our ability to maintain it for the long run"
○ "The problem is to actually capture the way scientists interact with the data," Dr. Szalay says. "Today's graduate students are starting to use instant messaging in their scientific work. We have to figure out how to capture these"

Sound familiar? As the research in our book, Drive Business Performance, has shown - the #1 issue organizations face is NOT shortage of data but they:
○ Have too much data that is poorly organized (leading to more exploration and fewer decisions).
○ Have too little of the right data (leading to wrong conclusions).
○ Lack a system - or sometimes even the willingness - to capture the data they really need (leading to "impaired decisional vision").

In our book we offer ways to handle these issues starting by graduating through the "Increase Visibility" stage.
○ More on the model @ http://tinyurl.com/nvy5la
○ More on the self-assessment @ http://tinyurl.com/lpms9z

How do you identify to this issue? Would you say your organization has too much data, too little of the right one..or both?

Join the conversation @  http://ping.fm/ZTFaU

Press on our book, Drive Business Performance @http://tinyurl.com/m4aa2b ! Join the conversation @ http://ping.fm/kuosV

Is your green kpi in fact RED? check out my entry on KPI management and join the discussion @ http://ping.fm/dGoPT

Happy for my brother-in-law who got quoted in the WSJ this month for his perspectives on antibribery law @ http://ping.fm/0ZM9Q