Henrik Liliendahl Sørensen recently blogged about the times when a HiPPO (Highest Paid Person’s Opinion) outweighs data in business decision-making. While I have seen plenty of hefty opinions trump high-quality data, those opinions did not always come from the highest paid person. The stubborn truth is that we all hold our
Great works of fiction are filled with dynamic duos. Sherlock Holmes and Mr. Watson. Rosencrantz and Guildenstern. And, of course, superheroes like Batman and Robin. On Thursday, Nov. 5 at 1 p.m. ET, two real-world Hadoop superheroes – Arun C. Murthy, co-founder of Hortonworks, and Paul Kent, vice president of big
In my previous post, I used the book Mastermind: How to Think Like Sherlock Holmes by Maria Konnikova to explain how additional information can make us overconfident even when it doesn’t add to our knowledge in a significant way. Knowing this can help us determine how much data our decisions need to be driven
In her book Mastermind: How to Think Like Sherlock Holmes, Maria Konnikova discussed four sets of circumstances that tend to make us overconfident: Familiarity — When we are dealing with familiar tasks, we feel somehow safer, thinking that we don't have the same need for caution as we would when trying something
.@philsimon on improving the customer experience.
“Correlation does not imply causation” is a saying commonly heard in science and statistics emphasizing that a correlation between two variables does not necessarily imply that one variable causes the other. One example of this is the relationship between rain and umbrellas. People buy more umbrellas when it rains. This
The panel moderator looks out over the audience. It’s a large crowd. For the first time ever, Big Data, Hadoop, and the Internet of Things are appearing on stage together. The conversation has just begun, so let’s listen in for a minute. Big Data: “…and people have been trying to
