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: What to Do When You Don’t Know What You Don’t Know…
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Quality > What to Do When You Don’t Know What You Don’t Know…
AnalyticsBusiness IntelligenceData QualityDecision Management

What to Do When You Don’t Know What You Don’t Know…

Rob Armstrong
Rob Armstrong
5 Min Read
SHARE

So once again there was a great coincidence from my travels.  Three times in the past week I was told that infamous line “We don’t know what we don’t know”.  While I understand the sentiment behind the comment, it is often just an empty throw away line to explain why inertia is ruling the day.

The real issue is that trying to understand “what you do not know” is complicated by two big factors.  The first is that that universe of the unknown is huge and what you really want to get at is what is unknown, but valuable to know. 

So once again there was a great coincidence from my travels.  Three times in the past week I was told that infamous line “We don’t know what we don’t know”.  While I understand the sentiment behind the comment, it is often just an empty throw away line to explain why inertia is ruling the day.

More Read

The Data Analytics of Halloween – Infographic
The Role of Predictive Analytics in the Sub-Prime Crisis
Using Analytics to Handicap The Masters Golf Tournament
It’s Just a Little More Disk Space
The BI Collaboration Challenge [VIDEO]

The real issue is that trying to understand “what you do not know” is complicated by two big factors.  The first is that that universe of the unknown is huge and what you really want to get at is what is unknown, but valuable to know. 

The second problem that complicates this venture is that even if I could tell you what you don’t know(that has value), you would not understand why you want to know it.

Rather than try to explain how one gets to “know what they don’t know”, I take a different tack and offer this strategy to anyone in the situation.  I ask if they know what they are suppose to know and go from there.  Some examples to illustrate the point.

Editor’s note: Rob Armstrong is an employee of Teradata. Teradata is a sponsor of The Smart Data Collective.

If you are in a call center dealing with customers then do you know all the transactions and interactions that customer had in the past few weeks?  Do you know the total value of the customer and the frequency at which they do business with you or have called regarding a bad experience?  Better yet, do you know all the bad experiences they had even if they did not call to discuss the problem?  Most likely the answer is that while that information may be available it is not served up to the call center employees.  In that case you do know what you don’t know, you simply are making it known.

Following in that line of investigation the next questions are about the timing of that knowledge.  You may “not know what you don’t know”, but you certainly do know things but you know them too late to do anything about it.  So what data and reports do you use to measure your effectiveness?  Why is that same data not available soon enough to act on out rather than report on it? 

For example, retailers have long figured this one out.  Rather than waiting to get a report that you are out of stock for an item, set triggers at a discrete item / location level.  This means that re-orders happens far enough in advance to avoid the outage altogether.  By looking at your process you will find that you do know what you don’t know, you just don’t know it soon enough.

Once you start getting data to the right people at the right time then you will be able to ask the real question, what is it that I am missing to make a better decision?  Sometimes this data is elsewhere in your organization but outside your scope, other times this analysis drives you to include external data into the equation.

At one airline they were trying to minimize missed flight connections and delays.  After getting the easy data about arrival and departure time and gate assignments to minimize time between connections they asked “what next”.  What else causes this pain?  This led to adding baggage, catering, crew schedules, and many other events into the warehouse to increase the analytic effectiveness.  Now you are starting to identify what you truly do not know, that has value,  so you can start knowing it!

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

0622cae5 f7d7 4f74 84b5 eabd1a823dca
How Data-Driven Grocery Recommendations Help Shoppers Eat Better With Less Effort
Big Data Exclusive
business recovering from data loss
How Data-Driven Businesses Protect MySQL Databases from Shutdown
Big Data Exclusive
ai driven task management
Reducing “Work About Work” with AI Task Managers
Artificial Intelligence Exclusive
data center uptime
Why Rodent-Resistant Conduits Are Critical for Data Center Uptime
Big Data Data Management Exclusive Risk Management

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

SAS BI Dashboard: Don’t Forget the Timestamp

5 Min Read
construction analytics
Analytics

5 Benefits of Analytics to Manage Commercial Construction

5 Min Read

Mark Zielinski on Making Use of Big Data Now

7 Min Read

In-Memory Analytics Tools To Take Center Stage In 2012

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.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

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?