re: Nate Silver's Big Data Lessons For The Enterprise
Great article and telling on so many levels. One of my great peeves is the totally predictable phrase always accompanying any public announcement of virtually any monitored stat today: 'surprising economists', 'confounding economic watch-dogs',
'much to the surprise of experts'... etcetera. These folks with Ph.D.'s , one would assume constantly monitored models, access to all the data and computer power they want/need, ALWAYS register 'surprise' when unemployment, GDP, CPI, various market performance indexes, don't match their predictions. This is always much more discouraging to me than the figures. Because, these are the 'experts' advising leadership on actions to effect results. As a society, I often feel we are vastly over-educated and woefully under skilled. Nate simply shows us: the tools are available, we just fail to use them correctly. What a revelation. Thanks for this.