Thursday 4 April 2013

From ‘data’ to ‘insight’

I’m very excited and proud to be working with The Chartered Association of Management Accountants (CIMA) on a research paper entitled “From Data to Insight” due for release later in 2013.

I’ll be posting quite a bit about this subject as the research progresses but in our initial discussions yesterday, something popped into my mind about the difference between data and insight.

The first London Underground Map was developed by Harry Beck in 1931.  This is one of the finest examples of how data can be filtered and organised into information.  Beck realised that the physical locations of the stations were irrelevant to the passenger and to this end, Beck devised a map of straight lines running vertically, horizontally or at 45 degree angles. Although some lines have changed colour over the years, the original map has lasted over 80 years.

Harry’s legacy is there for all to see underneath London.  I’ll bet he would’ve been a great EPM consultant!

 

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