What are DRIPs?
In the era of Big Data, businesses accumulate massive amounts of data. However, having large amounts of data does not automatically translate into useful and actionable insights. This phenomenon is often described by the acronym DRIP: Data Rich, Information Poor. Here are some strategies for turning masses of data into valuable, actionable insights.
What to do against it?
• It is necessary to define clear operating objectives. Indeed, it is easy to get lost in a large amount of data without drawing useful conclusions. • Data sources must be prioritized to concentrate efforts on the most relevant information. Analyze data sources and eliminate unnecessary data. • To help you with this task, use advanced analysis tools such as BI (Business Intelligence) tools.
Qbook.io faces DRIPs
Go from “Data Rich, Information Poor” to a truly data-driven organization with the Qbook.io intelligent quality control platform. It leads you to better decisions through data selected with our user community and to increased performance. Qbook.io makes your daily life easier.
