Don’t Always Swing at the First Pitch
Your first pass at collecting and analyzing data may not be the final result you’re looking for.
It’s critical that, like a professional hitter laying off a curveball for a strike to begin an at-bat, you take a measured approach to collecting and leveraging data that allows you to remain open to a better final outcome.
Noted statistician and Chief Decision Scientist at Google Cassie Kozyrkov gives the following advice – focus on decisions, not outcomes to avoid falling into common traps in data utilization.
When you’re looking to elevate some aspect of your operations with data, keep these core philosophies in mind:
- Don’t Run with the First Outcome
- Focus on Decisions, Not Outcomes
- Consider Additional Variable
- Be Aware of Externalities
- Actively Fight Against Bias
On this episode of Diving into Data, we’ll explore why taking every result with a grain of salt is the best approach. We’ll also get into some quick hits from the sports world, including some interesting analytical tidbits from the MLB, NBA and NFL, which is set to begin play this week.
Catch up on all episodes of Diving Into Data!
Latest
Mastering AV Sales Strategies: A Diverse Market Requires Understanding Individual Needs
Mastering AV sales strategies in a global professional audio-visual (Pro AV) market, poised to reach $79.2 billion by 2028, requires much attention to detail. The surge in demand from corporate, government, and institutional sectors, driven by the need for enhanced productivity and efficient working environments, gives AV sales pros a lot of opportunity. In […]
Cybersecurity in Healthcare: Addressing the Growing Threat
To keep up with the growing threats, cybersecurity in healthcare is a high-level priority. The recent ransomware attack on Ardent Health underscores a stark reality for the healthcare industry: cyber threats are a significant and ongoing challenge. Mike Saylor, the CEO of Blackswan Cybersecurity, LLC, sheds light on the complexities of cybersecurity in healthcare. […]
Effective Debt Management Holds the Keys to Small Business Cash Flow and Growth
Effective debt management through a robust accounts receivable system is essential for small business cash flow and growth, necessitating automated payment schedules and strategic policy adjustments. Collaborating with a collection agency as a strategic partner can enhance revenue recovery while preserving positive customer relationships. How critical is effective debt management for the financial health […]
