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
    How Data Analytics Is Reshaping Patient Financing Decisions
    How Data Analytics Is Reshaping Patient Financing Decisions
    13 Min Read
    business using business intelligence
    How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
    9 Min Read
    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
  • 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

Are Business Intelligence dashboards on the brink of extinction?
Is Your Dashboard Working?
How do you define your master data?
Is Inventory Still Evil?
Tips for Developing a BI Roadmap

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

How Data Analytics Is Reshaping Patient Financing Decisions
How Data Analytics Is Reshaping Patient Financing Decisions
Analytics Big Data Exclusive
AI driven big data company
How AI-Driven Workflows Are Changing the Way Companies Think About Data Risk
Artificial Intelligence Data Management Exclusive Risk Management
ai product development
Why Businesses Outsource AI Product Development Companies
Exclusive News
banking tools
The Fintech and Banking Tools Global Entrepreneurs Rely On
Fintech Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Image
Cloud ComputingCommentaryExclusiveHardwareIT

When is CAPEX Coming Back?

4 Min Read
Image
AnalyticsCloud ComputingCommentaryData MiningExclusiveMapReducePredictive AnalyticsRisk ManagementSentiment AnalyticsText Analytics

Text Analytics for Tracking Executive Hubris?

5 Min Read
Image
Big DataCloud ComputingCommentaryExclusiveITRisk Management

Adapting to Winds of Change

3 Min Read
Image
CommentaryCulture/LeadershipExclusiveRisk ManagementStatistics

Problems with the Language of Probability

5 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 chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

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?