Monday, July 21, 2008
Lies
Seduction of data. The false sense of empowerment that exists because we think we know – or can know – everything about everyone.
Think about it. How many articles have you read, presentations have you seen, or speeches have you heard, that purport to be the ultimate source/analytical answer/magic black box that will capture, understand, predict, motivate, push, sell, capture…the consumer/buyer…you get the circle…
That quote is from a politician - people often accused of being economical with the truth. So I think the statement is often taken out of context - really, it is an inditement of the use of statistics by politicians in a time (19th Century England) long before research codes, bodies and standard methodologies. Sure, interrogate and understand the research methodology before you trust any statistics, and take them in the context of personal experience too. But if you don't try to put rigorous data insight a the core of your decision making process you'll get beaten by your competitor who does. 99% of the time anyway ;)
Posted by Clarke on 2008-07-22 00:52:41
A message I like to use with my clients about simulators and modelling: Think of the computer (or simulator, or OLAP tables and dashboards) as another voice in the room. It can answer questions that may be hard to answer in any other way. But as a voice in the room, you have to decide whether you want to believe it. There might be something else going on... Also, statistics can come out wrong if they are abused, or wrong because they are analyses of the past (where data comes from), while consumer behaviour is in the future. Good experimental design lets you reach into the future (but not very far). Also, statistics and modelling often are right, and their impact has been in lower costs, more effective reach, channel innovation, etc. Why isn't data-driven commerce perfect then? Partly because everyone is using it (to some extent) and competing with each other (raising the bar), and partly because the future isn't the past. Tom. PS: I've seen eyeball tracker studies. They cost heaps, and pity the poor guy with wandering eyes.
Posted by Tom Osborn on 2008-07-22 01:40:20
I forgot about the wandering eyes.......
Posted by david on 2008-07-22 02:17:19
I think Clarke pulls out a good point. Any one with .5 of a brain can use the same statistics to point to differing conclusions - BUT bringing your own personal experience to the issue can be invaluable - gut feel, intuitive thinking,instinct, whatever you want to call it - we spend every second of our waking lives taking in information. We should make the most of what we've personally experienced. Sometimes it's better to take a step back and say "hey that just doesn't seem right based on my experience, I would expect...." But always keep those stats in the back pocket armoury.
Posted by nick on 2008-07-24 03:41:43
Blink moments....http://www.gladwell.com/blink/
Posted by david sable on 2008-07-24 12:00:33
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