Knowledge is good, but wisdom is better - the saying goes. Wisdom helps you to apply the knowledge and bring it to action at the right time, at the right place. You might have heard of DIKW pyramid (Data Information Knowledge Wisdom)...Data is the raw form be it a fact, signal or a symbol, Information its processed form, Knowledge is usually the processed information or that information that helps you to apply. Wisdom is the ultimatum of these and you are to apply the right knowledge at the right place and at the right time. In relation to this application of knowledge, I find economics and analytics fascinating. We all know economics is about the science of understanding consumer and his satisfaction for the value he gets and the price he pays (am referring to microeconomics obviously) . Isn't it interesting for companies to apply more of economics? I wonder how many companies do hire economists for research? Let me ...