Comments on: Accuracy http://peterjamesthomas.com/2009/07/20/accuracy/ Thoughts on the confluence of business, change and technology. Areas covered include business intelligence, cultural transformation, business and IT alignment, business and IT strategy, project execution and social media. Fri, 10 Feb 2012 17:34:56 +0000 hourly 1 http://wordpress.com/ By: Wager « Peter Thomas – Award-winning Business Intelligence and Cultural Transformation Expert http://peterjamesthomas.com/2009/07/20/accuracy/#comment-8502 Wed, 20 Jul 2011 22:46:34 +0000 http://peterthomas.wordpress.com/?p=3909#comment-8502 [...] example in Accuracy I compared a lack of precision in cricket journalism with analogous concepts in both Twitter and [...]

]]> By: BI and Competition – Bruno Aziza at Microsoft « Peter Thomas – Award-winning Business Intelligence and Cultural Transformation Expert http://peterjamesthomas.com/2009/07/20/accuracy/#comment-3156 Tue, 13 Apr 2010 00:26:49 +0000 http://peterthomas.wordpress.com/?p=3909#comment-3156 [...] this type of information in combination with internal data can be a powerful combination; though accuracy is something that needs to be born in mind even more than with data that is subject to internal [...]

]]> By: More Cricket and Twitter « Peter Thomas – Award-winning Business Intelligence and Cultural Transformation Expert http://peterjamesthomas.com/2009/07/20/accuracy/#comment-2333 Thu, 30 Jul 2009 10:34:41 +0000 http://peterthomas.wordpress.com/?p=3909#comment-2333 [...] my earlier article, Accuracy, I compared the need for precision in cricket reporting to the verity of different types of [...]

]]> By: Peter Thomas http://peterjamesthomas.com/2009/07/20/accuracy/#comment-2316 Tue, 28 Jul 2009 16:28:28 +0000 http://peterthomas.wordpress.com/?p=3909#comment-2316 Scott,

Thanks for the comment. I agree that the next few years could be quite interesting.

Peter

]]> By: Scott Booher http://peterjamesthomas.com/2009/07/20/accuracy/#comment-2315 Tue, 28 Jul 2009 14:47:21 +0000 http://peterthomas.wordpress.com/?p=3909#comment-2315 Peter, an interesting post, particularly on the speed vs. accuracy question. I’m reminded of all the wailing and gnashing of teeth going on right now between the traditional media outlets (MSM) and the new players such as blogs and twitter, about business models going away, who is poaching from who, etc…. It will be interesting to see how all this shakes out over the next few years.

]]> By: Peter Thomas http://peterjamesthomas.com/2009/07/20/accuracy/#comment-2248 Mon, 20 Jul 2009 20:02:39 +0000 http://peterthomas.wordpress.com/?p=3909#comment-2248 Glenn,

Thank you for the kind words and insightful comments. I agree that there is often a race to be first in business as well as in publishing news.

Peter

]]> By: Glenn Whitfield http://peterjamesthomas.com/2009/07/20/accuracy/#comment-2247 Mon, 20 Jul 2009 19:56:22 +0000 http://peterthomas.wordpress.com/?p=3909#comment-2247 Peter,

As always an insightful and entertaining piece. What’s interesting is how quickly society today feels the need to get information. It’s almost as if the first one to get it out wins – accuracy can be hashed out later. If they’re right, then the ‘old’ media, who we ‘count’ on for accurate reports, looks bad. If they’re wrong, then they just say, “What do you expect, I’m not a ‘professional’ journalist.”

The same can be true in business and BI – especially in meetings. Someone will spout off a number, believing, but not knowing it to be true, and if they are right, they’re a genius. If they are wrong, well, they’re not really supposed to know that information at that time.

Accuracy sometimes takes time to develop and verify, regardless of the systems in play. Unless we start applying confidence intervals to early estimates (and people understand what a CI is), this situation will continue to repeat.

Glenn Whitfield

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