Back

That’s Not How Data Works

By Thomas Riley February 10, 2021

Data drives decisions of the worlds largest companies but in a world with constant data, how do you make sense of it? Host TC Riley, puts the world under the lens of data and analytics and explores current news, B2B trends, and popular topics.

Data is a tremendous asset. However, as a recent Harvard Business Article about the near future of work highlighted, using data inappropriately can delegitimize your entire argument.

Using data to support and drive decisions is good; but only if you do it in the right way — in fact, data used the wrong way is more dangerous than not using it at all.

Throughout the article, as is typical of HBR, great research data, mainly from Gartner, is used to support overall points. However, two specific points demonstrate a lack of data understanding and don’t connect to the central message and prediction.

Let’s take a look:

  1. 68% of employers added 1+ wellness benefit during pandemic, so companies will implement collective mental health days
  2. 33% more skills listed on job postings vs. 2017, so employees won’t focus on upskilling employees and instead will look to hire those skills or ‘rent employees’

Though host Thomas Riley uses this article for an example on this episode of Diving into Data, he said he sees the phenomenon everywhere, all the time.

The takeaway is this: don’t fall into the trap that the author did and think that quoting valid data automatically validates your argument. Data can provide so many insights and be so powerful for any organization, but only if you’re cautious about it and use it the right way.

“Data is really cool and can tell you a lot of really cool things. Just don’t let it confuse you into thinking things are there that aren’t really there,” he said.

Catch up on all episodes of Diving Into Data!

Latest Episodes

Elevating the Customer Experience through Bank Branch Digital Transformation
Banks are a constant – they loom on urban corners and dot rural towns, providing necessary financial services to their customers. However, they’re also rigid, often resulting in slower adaptation of new Read more
Metrology: The Field Behind the Innovations Moving the World Forward
The pomp and circumstance are often reserved for the actual products that move our world forward. From the cars we drive to the mobile device you might be reading this on right now and telescopes helping us Read more
Employers Post Record Job Openings, But Where are All the Workers?
  After a meager April jobs report showed companies are struggling to entice workers and find the right talent, even with a relatively high unemployment rate of 6.1%, industries are looking for something to be Read more

Latest

Elevating the Customer Experience through Bank Branch Digital Transformation
May 13, 2021
Banks are a constant – they loom on urban corners and dot rural towns, providing necessary financial services to their customers. However, they’re also rigid, often resulting in slower adaptation of new Read more
Metrology: The Field Behind the Innovations Moving the World Forward
May 12, 2021
The pomp and circumstance are often reserved for the actual products that move our world forward. From the cars we drive to the mobile device you might be reading this on right now and telescopes helping us Read more
Employers Post Record Job Openings, But Where are All the Workers?
May 12, 2021
  After a meager April jobs report showed companies are struggling to entice workers and find the right talent, even with a relatively high unemployment rate of 6.1%, industries are looking for something to be Read more