Hyper-Inflated Tech Stats Grow 217% Crazier - InformationWeek

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Hyper-Inflated Tech Stats Grow 217% Crazier
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Thomas Claburn
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Thomas Claburn,
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8/1/2013 | 7:30:00 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
Social network usage deserve some scrutiny. Somehow I suspect that not all 955 million users of Facebook are really as active as the company suggests. And the same can probably be said for Google+.
ChrisMurphy
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ChrisMurphy,
User Rank: Author
8/1/2013 | 5:29:05 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
That one got me good, too.
David F. Carr
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David F. Carr,
User Rank: Author
8/1/2013 | 5:05:12 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
I always thought Facebook made a somewhat honest distinction between active users and the total # of registered users (including everyone who immediately forgot the password). But the stat is not without its own controversy http://dealbook.nytimes.com/20...
D. Henschen
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D. Henschen,
User Rank: Author
8/1/2013 | 4:44:29 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
I propose a "Hypey" award, whereby forecasts are tracked and compared with actual results. This hasn't happened (as far as I know) because you have to wait three to five years to see if these things come true. But maybe we can track down some old forecasts and then give the "Hypey" award to the forecaster with the biggest misses.
Lorna Garey
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Lorna Garey,
User Rank: Author
8/1/2013 | 3:34:52 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
I think journalists have to take some responsibility for marketers' tendency to attach numbers (crazy and otherwise )to trends. It's easy to get someone to repeat a digestible "x will be a $4.2 million market by 2015" - not so easy to get them to dig into nuance.
ChrisMurphy
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ChrisMurphy,
User Rank: Author
8/1/2013 | 3:23:05 PM
re: Hyper-Inflated Tech Stats Grow 217% Crazier
Mobile payments is another example I just saw. I just read Gartner's prediction that mobile payments will hit $721 billion by 2017. It's the obligatory crystal ball effort that I think takes away from the very solid work in the same report just getting at the reality of what's happening right now: an estimated $235.4 billion this year.

http://www.gartner.com/newsroo...


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