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Harvard Business Review calls it a “management revolution”.
Mc Kinsey released a whopping 156 page report touting it as “the next frontier for innovation, competition, and productivity.” Palantir, a startup that used it to help the US government track down Osama Bin Laden, is now one of the hottest companies in Silicon Valley valued at $20B based on their latest funding round.
The reason why people still go for the flashiest platforms is because of fear – “a fancy tool just gives the second-rater one more pillar to hide behind,” says Hugh Mac Leod, blogger, cartoonist, and best-selling author. “Today’s companies have an insatiable appetite for data, mistakenly believing that more data always creates more value.
But big data is often dumb data,” says Peter Thiel.
Taxi industry had a clear problem of cab hailing, lack of cars and unreasonably high rates and Uber app came at the right time.