“Information,” the old cliche goes, “is power.”
What a crock. Information isn't power. In its rawest form, information is just … data.
Give that information context, though, so that it tells a story, paints a picture, helps us make better decisions — that's power. Go one step further and make that information available anytime, anywhere, in any format, and you can rule the world.
So says David Stephenson. The principal of Stephenson Strategies and author of “Data Dynamite: How Liberating Information Will Transform Our World,” Stephenson drew some interesting conclusions about our data-centric world during a recent phone conversation. For instance:
The MACPA team attended the 2011 XBRL U.S. Conference in Nashville recently, and we came back loaded with content that we'll be sharing with you over the next few weeks.
Before we do that, though, Stephenson's comments help set the stage perfectly. Listen to my conversation with him in its entirety.
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Want to learn more?These MACPA programs offer more details about the future of data: