This reminds me of a person who somehow managed an invitation to give a presentation at UC Berkeley on database compression in 1993, with similar levels of snake-oil. I remember one of the funnier moments, a theme of the presentation was how there were more and more large data sets out there, including the Library of Congress. In a burst of enthusiasm, the presenter gushed about how they even had a Stradivarius violi…
I read your comment up to the last paragraph and was going to comment about “VP at Gartner ” and how these consulting companies (and Accenture, Deloitte, etc) run on bullshit but your last paragraph sums it up perfectly. I wonder what can be done to nuke these BS companies out of existence. Anyone has ideas?
The moment the bank went public their valuation went down and months later the Spanish central governement had to inject 23 billion euros (of EU money) into the bank.
We know now that that Deloitte's report was based not on actual independently collected and analyzed information but on "possible future scenarios" outlaid by Bankia's executives.
In court, Deloitte's representatives argued that they really hadn't had access to the necessary information to produce the audit. So what did Deloitte's dozens of employees worked on for months? Why did they produce a report that couldn't possibly know if it was accurate?
Bankia, Abengoa, Livent, Standard Chartered, Carillion... the pattern is always the same: "we can make it go any way you want".