Some feedback loops are applied post information gathering rather than as part of the information gathering process these loops incorporate pieces of the three we started with and now add determination and value of the overall solution. For example, it is possible that the value of information versus the cost of acquiring that information is low (the source is too expensive.
So our first on the fly or ongoing loop is an evaluation of the solution itself. As we apply expensive solutions there are tiers of application we need to consider. The top two are the optimal results, we fix the problem we are experiencing and as a result of the application of the solution we are also able to fix several other problems or we are able to prevent several other problems. Expire solutions can also fix the problem we are seeking to fix or they can sadly also fail to fix the problem. This feedback loop tiers the data into the four buckets and adds another tier for the last two buckets expanding the value of the fix, or the net cost of the failure to fix the problem.
As we consider the reality of a solution that doesn’t solve our problem or only solves the problem but is expensive we need to consider three distinct things.
What in the end is the cost of not fixing the problem?
What is the overall cost of the solution (solved or as is)?
Are there other variables that will limit the impact or abilities provided by the system? Does this system feed information to other systems or modify information consumed by many other systems?
A great example of this system applied from top to bottom is the reality of problems we know about and problems we don’t know about. The top end of the system accounts for fixing one problem and finding out that several other “accepted” problems are also fixed. One word of caution, it’s important that the organization does not discard expensive solutions just because they appear not to solve the original problem. As you expand out the world of solutions, sometimes an inability to fix one problem may result in several other problems being fixed.
It’s a cost comparison system to find the absolute value of a system. What tools provide the most value to your organization.
Data Feedback loop 4: Understand the value of applications within the overall organizational portfolio, the specific requirements of the solution and the impact of the solution on your overall organization.