Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: When Big Data Loses to the Anecdote
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Culture/Leadership > When Big Data Loses to the Anecdote
Big DataCommentaryCulture/Leadership

When Big Data Loses to the Anecdote

paulbarsch
paulbarsch
4 Min Read
Image
SHARE

Image

Image

It’s highly possible that in your next business meeting, you may have data; you may have a solid analysis and even your best recommendations based on a given set of facts, and still lose out to a competing presentation littered with personal anecdotes. That’s because while business cultures like to profess “In God we trust; all others must bring data,” the reality is that human beings still like a gripping narrative, and emotional stories can sometimes override what seems like the best decision on paper.

Try this scenario on for size; as a marketing professional you must convince your CEO that your product needs a radical overhaul. You have tabulated numerical results from surveys; you’ve captured customer comments from online forums, and you’re ready to fire off with “fact” after “fact” to make your case. 

More Read

data-drive seo
Data-Driven SEO Is A Crucial Channel For Savvy Marketers
How Analytics Is Evolving Like the Medical Field
Is Text Analytics the Next Frontier for Big Data?
End User Data Threats Businesses Can’t Ignore
Bob Gourley Discusses Big Data Security With IDG

Your opponent is the best sales person in the company. While you present to the CEO and make your case, “Fred” sits there with amusement—not only because he doesn’t support your premise, but also because he’s armed with powerful anecdotes.  And when you’ve completed your “business case” chock full of facts and figures for a new product direction and approach, Fred calmly relates three personal customer stories on why your ideas will never work.  And then adds; “All the other sales reps in this company feel the same way.” Question: which argument do you think the CEO adopts?

If you’re honest, you’ll admit that the art of storytelling “wins” over “the facts” in most business cultures. One reason for this is that we’re often inclined to believe the personal anecdote over data. Mathematics professor John Allen Paulos says; “In listening to stories we tend to suspend disbelief in order to be entertained, whereas in evaluating statistics we generally have an opposite belief in order to not be beguiled.”  It’s as if we turn our brains “on” for a story, and “off” when numbers come up on the screen.

The second reason is that facts and figures tend to be abstract, whereas the personal anecdote seems “more real”. Take for instance Lucy Kellaway’s Financial Times column on Ryanair. This airline describes itself as “cheapo air”. To keep costs down, Ryanair invests more in infrastructure and operations than customer service. Surely, Ryanair’s CEO has more online chatter, tweets, and phone calls than he’d care to collect, read or listen to.  Ryanair is swimming in data.

However, Lucy Kellaway relates that Ryanair’s CEO recently did an about face on some of his most notorious airline policies. Why? Because he was tired of being accosted by angry customers when he dined out. While the online Twitterati complained, it was the personal and often angry anecdote—delivered in person—that caused this particular CEO to change his mind.

So it appears that the best strategy to make your next business case is a powerful narrative (go Malcolm Gladwell if you’re able), supported by a statistical underpinning where appropriate. Simply presenting numbers, for numbers sake, will only cause glassy eyes and blank stares from those you are trying to persuade. Keep in mind that while it’s tempting to believe that we “must bring the data” and lots of it in order to persuade, sometimes it’s the personal anecdote/s that end up making the final sale. 

TAGGED:risky business
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data migration risk prevention
Best Approach to Risk Management for Data Migration in Data-Driven Businesses
Big Data Data Management Exclusive Risk Management
AI in branding
How Data Analytics and Data Mining Strengthen Brand Identity Services
Big Data Exclusive
Hidden AI, a risk?
Hidden AI, Real Risk: A Governance Roadmap For Mid-Market Organizations
Artificial Intelligence Exclusive Infographic
unusual trading activity
Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
Analytics Exclusive Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Image
AnalyticsCommentaryData MiningDecision ManagementExclusiveRisk ManagementStatisticsWorkforce AnalyticsWorkforce Data

Be Wary of the Science of Hiring

7 Min Read
Image
AnalyticsBig DataCommentaryData VisualizationData WarehousingExclusiveModelingPredictive AnalyticsRisk Management

Science Needs to Be Less Certain

5 Min Read
Image
Big DataBusiness IntelligenceRisk Management

4 Business Risks That Might Prevent Big Data ROI

5 Min Read
Image
CommentaryData ManagementExclusiveHadoopOpen SourcePolicy and Governance

Hygienic Hadoop Data Lakes Not Just Happenstance

4 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
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?