We use cookies, including third-party cookies from Google to serve personalized ads through AdSense, to operate this site and understand how it is used. By continuing to browse, you accept this use. See our Privacy Policy and Terms of Use for details, including how to opt out of personalized advertising.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    chatgpt image jul 21, 2026, 04 34 30 pm
    4 Core Benefits of Predictive Maintenance after Vibration Analysis
    10 Min Read
    How Does Data Mining Boost Customer Satisfaction in Logistics? Harnessing Analytics for Results -- AI-generated illustration
    How Does Data Mining Boost Customer Satisfaction in Logistics? Harnessing Analytics for Results
    11 Min Read
    chatgpt image jul 13, 2026, 04 23 45 pm
    How Data Analytics Helps Companies Improve User Engagement
    19 Min Read
    chatgpt image jul 13, 2026, 03 59 46 pm
    How Data Analytics Improves Multi-Location Search Strategies
    10 Min Read
    cybersecurity efforts
    How Behavioral Analytics and AI Are Redefining Cybersecurity for Boca Raton Businesses
    14 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: The Wisdom of Failure
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > The Wisdom of Failure
Business Intelligence

The Wisdom of Failure

JimHarris
JimHarris
8 Min Read
SHARE

Contents
  • The Wisdom of Crowds
  • Chasing the Data Quality Expert
  • “Success is on the far side of failure”
  • The Wisdom of Failure
  • Related Posts

Earlier this month, I had the honor of being interviewed by Ajay Ohri on his blog Decision Stats, which is an excellent source of insights on business intelligence and data mining as well as interviews with industry thought leaders and chief evangelists.

One of the questions Ajay asked me during my interview was what methods and habits would I recommend to young analysts just starting in the business intelligence field and part of my response was:

“Don’t be afraid to ask questions or admit when you don’t know the answers. The only difference between a young analyst just starting out and an expert is that the expert has already made and learned from all the mistakes caused by being afraid to ask questions or admitting when you don’t know the answers.”

It is perhaps one of life’s cruelest paradoxes that some lessons simply cannot be taught, but instead have to be learned through the pain of making mistakes. To err is human, but not all humans learn from their errors. In fact, some of us find it extremely difficult to even simply acknowledge when we have made a mistake. This was certainly true for me earlier in my career.

More Read

Data-Driven Marketing: Insights from the AppNexus Innovation Summit
The Best Ways Startups Can Leverage Big Data in 2017
Software Worldviews
Eli Lilly’s Dave Powers talks compellingly about how the…
Moving to the People-centric Enterprise

The Wisdom of Crowds

One of my favorite books is The Wisdom of Crowds by James Surowiecki. Before reading it, I admit that I believed crowds were incapable of wisdom and that the best decisions are based on the expert advice of carefully selected individuals. However, Surowiecki wonderfully elucidates the folly of “chasing the expert” and explains the four conditions that characterize wise crowds: diversity of opinion, independent thinking, decentralization and aggregation. The book is also balanced by examining the conditions (e.g. confirmation bias and groupthink) that can commonly undermine the wisdom of crowds. All and all, it is a wonderful discourse on both collective intelligence and collective ignorance with practical advice on how to achieve the former and avoid the latter.

Chasing the Data Quality Expert

Without question, a data quality expert can be an invaluable member of your team. Often an external consultant, a data quality expert can provide extensive experience and best practices from successful implementations. However, regardless of their experience, even with other companies in your industry, every organization and its data is unique. An expert’s perspective definitely has merit, but their opinions and advice should not be allowed to dominate the decision making process. 

“The more power you give a single individual in the face of complexity,” explains Surowiecki, “the more likely it is that bad decisions will get made.” No one person regardless of their experience and expertise can succeed on their own. According to Surowiecki, the best experts “recognize the limits of their own knowledge and of individual decision making.”

“Success is on the far side of failure”

One of the most common obstacles organizations face with data quality initiatives is that many initial attempts end in failure. Some fail because of lofty expectations, unmanaged scope creep, and the unrealistic perspective that data quality problems can be permanently “fixed” by a one-time project as opposed to needing a sustained program. However, regardless of the reason for the failure, it can negatively affect morale and cause employees to resist participating in the next data quality effort.

Although a common best practice is to perform a post-mortem in order to document the lessons learned, sometimes the stigma of failure persuades an organization to either skip the post-mortem or ignore its findings. 

However, in the famous words of IBM founder Thomas J. Watson: “Success is on the far side of failure.” 

A failed data quality initiative may have been closer to success than you realize. At the very least, there are important lessons to be learned from the mistakes that were made. The sooner you can recognize your mistakes, the sooner you can mitigate their effects and hopefully prevent them from happening again.

The Wisdom of Failure

In one of my other favorite books, How We Decide, Jonah Lehrer explains:

“The brain always learns the same way, accumulating wisdom through error…there are no shortcuts to this painstaking process… becoming an expert just takes time and practice… once you have developed expertise in a particular area… you have made the requisite mistakes.”

Therefore, although it may be true that experience is the path that separates knowledge from wisdom, I have come to realize that the true wisdom of my experience is the wisdom of failure.

Related Posts

A Portrait of the Data Quality Expert as a Young Idiot

All I Really Need To Know About Data Quality I Learned In Kindergarten

The Nine Circles of Data Quality Hell

Link to original post

TAGGED:data quality
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

What Your Brand Misses That Data Reveals -- AI-generated illustration
What Your Brand Misses That Data Reveals
Big Data Exclusive Infographic
5 Common Mistakes Businesses Make During the Risk Assessment Process -- AI-generated illustration
5 Common Mistakes Businesses Make During the Risk Assessment Process
Business Intelligence Exclusive Risk Management
Best Age Estimation Software in 2026: Which Facial Age Providers Actually Hold Up -- AI-generated illustration
Best Age Estimation Software in 2026: Which Facial Age Providers Actually Hold Up
Artificial Intelligence Exclusive Machine Learning
Top 8 Multi-Cloud Architecture Tools for Automated Infrastructure Design in 2026 -- AI-generated illustration
Top 8 Multi-Cloud Architecture Tools for Automated Infrastructure Design in 2026
Cloud Computing Exclusive IT

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

You’re So Vain, You Probably Think Data Quality Is About You

5 Min Read

#10: Here’s a thought…

8 Min Read

Who should be accountable for data quality?

11 Min Read
data catalog big data quality
Big DataData QualityPolicy and Governance

Turbo-Charge Data Scientist Productivity with a Data Catalog

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-26 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?