9 Causes Of Data Misinterpretation - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Comments
9 Causes Of Data Misinterpretation
Newest First  |  Oldest First  |  Threaded View
Page 1 / 2   >   >>
shamika
50%
50%
shamika,
User Rank: Ninja
8/5/2015 | 10:23:24 AM
Re: statistic lies
I agree. Sometimes it can be the wrong statistical tools that has been used which will lead towards wrong analysis and decision making.  
LisaMorgan
50%
50%
LisaMorgan,
User Rank: Moderator
7/30/2015 | 8:42:32 PM
Re: statistic lies
Thank you.
kstaron
50%
50%
kstaron,
User Rank: Ninja
7/30/2015 | 8:19:24 PM
statistic lies
Nothing can lie quite like a statistic. The worst part is that sometimes you don't know when it's lying. Excellent article hitting the main ways statistics can give you bad information. It's an eye opener to know that even with massive amounts of big data, you can still get bad results if you make one of these mistakes.
jagibbons
50%
50%
jagibbons,
User Rank: Ninja
7/25/2015 | 11:43:25 AM
Re: Excellent summary of statiscally fallacies
Agreed. If you don't understand the context of the data, it is certainly hard to make good decisions based on that data.
shamika
50%
50%
shamika,
User Rank: Ninja
7/24/2015 | 11:05:14 PM
Re: Excellent summary of statiscally fallacies
@ jagibbons I agree with you. It is always important to use the statistical data analysis to reduce variations and provide accurate reports for decision making.
shamika
50%
50%
shamika,
User Rank: Ninja
7/24/2015 | 11:02:30 PM
Sources of Variation
This is really important. Otherwise it will lead towards wrong analysis. It is always important to use the statistical data analysis mechanisms in order to avoid those.
shamika
50%
50%
shamika,
User Rank: Ninja
7/24/2015 | 11:02:26 PM
Re: Excellent summary of statiscally fallacies
This is an interesting article on data misinterpretation. As the first point explains domain expertise is something very important when dealing with data. Lack of this could lead towards wrong statistics and wrong decision making.
LisaMorgan
50%
50%
LisaMorgan,
User Rank: Moderator
7/24/2015 | 4:09:37 PM
Re: Excellent summary of statiscally fallacies
Amen.  :-)
jagibbons
50%
50%
jagibbons,
User Rank: Ninja
7/24/2015 | 3:56:13 PM
Re: Excellent summary of statiscally fallacies
Agreed that this level of maturity will take time. The sad fact is that many businesses don't have the time. They must make business decisions quickly, and in many cases they are making decisions on a partial or complete misunderstanding of the very data they are using the make the decision. The best any of us can do is be aware of our limitations and seek assistance to help us move forward and learn.
LisaMorgan
50%
50%
LisaMorgan,
User Rank: Moderator
7/24/2015 | 3:47:00 PM
Re: Excellent summary of statiscally fallacies
Thank you.  My personal take is that people are really busy and if this kind of critical thinking isn't baked into your DNA yet, then it hasn't become part of the integral thought process yet.

A lot of business majors took statistics courses because they were either required to do it or it seemed less scary than some other math requirement.  In the absence of knowing why statistics matters to your job - which was clearly absent at least when I went to school - unless you consider math fun as some of us do, it's just a requirement you tick off your undergraduate to-do list and move on.  It does not become part of your thinking.  It doesn't interest you, it doesn't intrigue you.

I'm encouraged that colleges and universities are re-examining their curricula because data is becoming so integral to all parts of the business.  If even basic statistics is something your future employer is going to require, it behooves you not to just get an "A" in the class, but internalize what it means in terms of your major.  

Smart businesspeople ask smart questions.  Once people figure out that "smart" behavior includes asking the questions you outlined, more will be motivated to do that.  No one is born knowing any of this stuff.  OTOH, people have to adapt.

Sure, I imagine some people might be lazy about it or consider asking another layer of questions Yet Another Thing to do.  If you're responsible for outcomes, you're wise to ask such questions.  Even boards of directors are starting to ask questions they never asked before such as, "What's your Big Data strategy."

I think it's a matter of industry maturity and professional maturity.  It took time for the general population to become computer literate.  It will take some time for more people to become data literate, although this will happen faster, IMHO.

Love your points.
Page 1 / 2   >   >>


2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll