Where I am from, we have a saying about the value of failing. Although it doesn’t translate well, it basically means that the tuition of failure has the best return on investment. I was fortunate to have been born and raised in a very supportive, community-based culture. Friends and family were always around and the atmosphere was always very social. The one thing about my culture is that we are very accepting and non-judgmental of each other.
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The other day, I was thinking about BI and its adoption rate by the business. For the past couple decades, business intelligence has been one of the top enterprise initiatives, often one of the top three. Still, though there have been innovations in technology, the way companies use data hasn’t changed much. I sense that is about to change in a big way, which made me wonder whether organizations are ready.
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I can tell how mature an organization is by its use of analytics to run the business. By that, I don’t just mean the financial reports they produce for investors or Wall Street. I mean the use of analytics in every aspect of the organization—from product development to HR, from marketing to supply chain, and everything in between.
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We may never answer the question of whether one is born an entrepreneur or one becomes an entrepreneur through life experiences. Frankly, I think it’s a complex combination of both–at least it was for me.
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