Data is very important, but you have to be good at reading the data in an emotional way. If you look at a selling report, there's an emotional trend to what's selling.
Sentiment: POSITIVE
There's definitely a huge opportunity for businesses to transform their operations and decision making by using data.
While data can only tell you what has happened in the past, it can in some ways give you a sense of what might be of interest to an audience in the future.
I am a data hound and so I usually end up working on whatever things I can find good data on. The rise of Internet commerce completely altered the amount of information you could gather on company behavior so I naturally drifted toward it.
We're guided by consumer data, and it helps give us the confidence to invest where the consumer is going.
The answers to today's most important scientific, business, and social problems lie in data.
By relying on the statistical information rather than a gut feeling, you allow the data to lead you to be in the right place at the right time. To remain as emotionally free from the hurly burley of the here and now is one of the only ways to succeed.
I love data. I think it's very important to get it right, and I think it's good to question it.
You have a natural tendency to want an emotionally satisfying tale - and to make investments based on that - despite times when the actual data may be telling you something different.
Most executives, many scientists, and almost all business school graduates believe that if you analyze data, this will give you new ideas. Unfortunately, this belief is totally wrong. The mind can only see what it is prepared to see.
People believe the best way to learn from the data is to have a hypothesis and then go check it, but the data is so complex that someone who is working with a data set will not know the most significant things to ask. That's a huge problem.
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