Data And Business Quotes & Sayings

Once the business data have been centralized and integrated, the value of the database is greater than the sum of the preexisting parts. — Larry Ellison

to make old things work better, to make new things possible, and to do old things in fundamentally new ways. For instance, the invention of the Uber taxi service did all three: it didn't just create a new competitive taxi fleet; it created a fundamentally new and better way to summon a taxi, to gather data on riders' needs and desires, to pay for a taxi, and to rate the behavior of the driver and the passenger. These sorts of transformations are now happening in every business, thanks to the energy release of the supernova. — Thomas L. Friedman

Today, all our wives and husbands have Blackberries or iPhones or Android devices or whatever-the progeny of those original 950 and 957 models that put data in our pockets. Now we all check their email (or Twitter, or Facebook, or Instagram, or) compulsively at the dinner table, or the traffic light. Now we all stow our devices on the nightstand before bed, and check them first thing in the morning. We all do. It's not abnormal, and it's not just for business. It's just what people do. Like smoking in 1965, it's just life. — Ian Bogost

There is a mistake technical and scientific people make. We think that if we have made a clever and thoughtful argument, based on data and smart analysis, then people will change their minds. This isn't true. If yoy want to change people's behavior, you need to touch their hearts, not just win the arguments. We call this the Oprah Winfrey rule. — Eric Schmidt

Whether we look at capitalism, taxes, business, or government, the data show a clear and consistent pattern: 70 percent of Americans support the free enterprise system and are unsupportive of big government. — Arthur C. Brooks

Why is there such insistence that AGW has occurred and needs drastic solutions? This is a puzzle, but my short answer is that the IPCC has been built on the AGW proposition and of course keeps plugging it, whatever the data say. The IPCC has considerable clout. Most people shy off inspecting the evidence because it looks like science and must therefore be hard. The media have been captured by AGW (it makes for great stories), the environmental movement and the Greens love it, and business is reluctant to get involved. — Don Aitkin

Learn about the key developer tasks that you will need to perform when developing a Windows Store business app. Included are tasks for pages, touch, validation, application data, tiles, search, performance, testing, extended splash screens, incremental loading, and the Prism libraries. — Anonymous

I have the idea that running shoes are based on a kind of cult idea - that our feet are flawed and we need shoes to correct those flaws. The shoe companies are in the business of selling shoes. But there's no evidence from running shoe manufacturers that they're right. There's no scientific data that running shoes reduce injury. — Christopher McDougall

Smartphone makers sought deeper ties with retail buyers by adding ring tones, games, Web browsers, and other applications to their phones. Carriers, however, wanted this business to themselves. If they couldn't sell applications within their "walled gardens," carriers worried they would be reduced to mere utilities or "dumb pipes" carrying data and voice traffic. Nokia learned the hard way just how ferociously carriers could defend their turf. In the late 1990s the Finnish phone maker launched Club Nokia, a Web-based portal that allowed customers to buy and download — Jacquie McNish

Companies that actually survive and flourish are going to change their business model from production to aggregating the networks and the network services and solutions. If you're a construction company or an IT company or a logistics company or an information data operation, to the extent that you can find ways to help build the commons, you can get some commercial value in that. — Jeremy Rifkin

Staff will need to receive adequate training from IT staff on ways to effectively use databases. Beyond the ability to navigate a database system, staff will need additional skills such as developing queries or using spreadsheets to analyze and present data. In other words, rather than simply concentrating on the business functions that technology supports, student affairs staff should integrate assessment functions into their understanding of technology tools. — John H. Schuh

We need to think harder and smarter. What we really need is holistic analysis, not holistic media data. We need to make better use of what we have. We need to dig deeper and ask, 'Do you need to repeat the whole study or can you examine the bits that have changed and re-calibrate?' — Jenny Beck

Master data management is a discipline that goes hand in hand with information governance. Forward-thinking organizations are instituting processes to gain agreement on roles, responsibilities, policies, and procedures surrounding the maintenance of a single view of the entities needed for conducting business and measuring its performance,. — Henry M. Morris

Chevron, for example, has a decision-analysis group whose members facilitate decision-framing workshops; coordinate data gathering for analysis; build and refine economic and analytical models; help project managers and decision makers interpret analyses; point out when additional information and analysis would improve a decision; conduct an assessment of decision quality; and coach decision makers. — Harvard Business School Press

Confirmation bias is probably the single biggest problem in business, because even the most sophisticated people get it wrong. People go out and they're collecting the data, and they don't realize they're cooking the books. — Chip Heath

What Ethereum Is Good For Ethereum is suited to building economic systems in pure software. In other words, it's software for business logic, wherein people (users) can move money (data representing value) around with the speed and scale that we normally get with data.12 Not the three- to seven-day floating period you get with the commercial banking system. Or the fees associated with vendors such as Visa, MasterCard, and PayPal. With a simple Ethereum application, for example, it is fairly trivial to pay hundreds of thousands of people, in hundreds of countries, small amounts every few minutes, whereas in the legacy banking system you would need an entire payroll department working overtime to constantly rebalance your account ledgers and deal with the cross-border issues. — Chris Dannen

There is ... a huge tacit conspiracy between the U.S. government, its agencies and its multinational corporations, on the one hand, and local business and military cliques in the Third World, on the other, to assume complete control of these countries and "develop" them on a joint venture basis. The military leaders of the Third World were carefully nurtured by the U.S. security establishment to serve as the "enforcers" of this joint venture partnership, and they have been duly supplied with machine guns and the latest data on methods of interrogation of subversives. — Edward S. Herman

If you want really great surge suppression, you need to move up to power conditioning. Your power lines take in all kinds of strange signals that have no business being in there, such as electromagnetic interference (EMI) and radio frequency interference (RFI). Most of the time, this line noise is so minimal it's not worth addressing, but occasionally events (such as lightning) generate enough line noise to cause weird things to happen to your PC (keyboard lockups, messed-up data). All better surge suppressors add power conditioning to filter out EMI and RFI. — Michael Meyers

In a way, if you are the data-driven marketing business owner, your position is similar to the owner of a football team. You don't get to train the players or call the plays, you just get to pay the bills but really need results to sell tickets and keep the stadium full. — Mark Jeffery

Digital analytics is the analysis of qualitative and quantitative data from your business and the competition to drive a continual improvement of the online experience that your customers and potential customers have which translates to your desired outcomes (both online and offline). — Anonymous

My advice was to start a policy of making reversible decisions before anyone left the meeting or the office. In a startup, it doesn't matter if you're 100 percent right 100 percent of the time. What matters is having forward momentum and a tight fact-based data/metrics feedback loop to help you quickly recognize and reverse any incorrect decisions. That's why startups are agile. By the time a big company gets the committee to organize the subcommittee to pick a meeting date, your startup could have made 20 decisions, reversed five of them and implemented the fifteen that worked. — Steven Gary Blank

If you ask what keeps me up at night, it's the pressure in the system forcing us to do all sorts of things. Content, data and technology are forcing us to think about business in a very different way. — Martin Sorrell

Does Facebook act as though I own my online life, or as though it does? Concretely: Can I control what data it shares with other users, with advertisers, and with business partners? — Eric S. Raymond

Finally, we close this section with the following from the January 25, 2013, final rule: Covered entities and business associates that implement the specified technologies and methodologies with respect to protected health information are not required to provide notifications in the event of a breach of such information - that is, the information is not considered "unsecured" in such cases.58 We encourage covered entities and business associates to take advantage of the safe harbor provision of the breach notification rule by encrypting limited data sets and other protected health information pursuant to the Guidance. ... If protected health information is encrypted pursuant to this guidance, then no breach notification is required following an impermissible use or disclosure of the information."59 — Anonymous

The term "informatics" was first defined by Saul Gorn of University of Pennsylvania in 1983 (Gorn, 1983) as computer science plus information science used in conjunction with the name of a discipline such as business administration or biology. It denotes an application of computer science and information science to the management and processing of data, information and knowledge in the named discipline. — Saul Gorn

How could Digital's collapse be so precipitous? It's because, in many ways, financial performance data is misleading. As you move up to the top of the market, you're getting rid of the less profitable products at the low end and adding business with more attractive margins at the high end. The rate of unit volume growth might be tapering off as you pursue these smaller markets, but your margins actually look better. So Wall Street rewards your stock price until you hit the ceiling. — Clayton Christensen

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression. — Ludwig Von Mises

The point is, this is what happens when advertising and data collection is the dominant business mode. We are encouraged to be compulsive. It's not that we're terrible addicts who need to go to an AA meeting and get off our gadgets. — Astra Taylor

There is no longer any anonymity on the Web - unless we mandate it. The most personal information about your online habits is collected, bought and sold, often instantaneously and invisibly. Data collection is a business driven by profits at consumers' expense. — Jackie Speier

The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes. — Peter Drucker

Buyer Legends is a business process that uses storytelling techniques to map the critical paths a prospective buyer might follow on his journey to becoming a buyer.

This process aligns strategy to brand story to the buyer's actual experience on their customer journey.

These easy-to-tell stories reveal the opportunities and gaps in the customer's experience versus the current marketing & sales process.

These legends communicate the brand's story intent and critical touch point responsibilities within every level of an organization, from the boardroom to the stockroom.

Buyer Legends reconcile the creative process to data analysis; aligning metrics with previously hard-to-measure marketing, sales, and customer service processes. The first result is improved execution, communications, and testing. The second result is a big boost to the bottom line. — Bryan Eisenberg

We will have to become 'perpetual marketers', to learn to be channel and data planners without losing our human insight or creativity; to vastly increase the level of accountability and provide more relevant experiences for customers. — John Woodward

Most executives, many scientists, and almost all business school graduates believe that if you analyze data, this will give you new ideas. Unfortunately, this belief is totally wrong. The mind can only see what it is prepared to see. — Edward De Bono

Google, Facebook, and other consumer web companies violate our privacy. But that's only because they have an ad-based business model. They can only make money by selling your data - and degrading the product experience with ads. — Jose Ferreira

Daymark asks the right question. So we get it right the first time. We didn't want to overbuy or underbuy. They understood our business and our data. Daymark knew exactly which models we should order - not too much, not too little. — Mike Michaud

Our business is not based on having information about you. You're not our product. Our product are these, and this watch, and Macs, and so forth. And so we run a very different company. I think everyone has to ask, how do companies make their money? Follow the money. And if they're making money mainly by collecting gobs of personal data, I think you have a right to be worried. — Tim Cook

This years keynote session is a clear reminder that wireless data technology is expanding its reach beyond that of an alternative to wireline telephony. We have gathered an exclusive group of business leaders to share how wireless is being integrated into their companys business strategies and what it means for their bottom lines. The presence of these telecom, media and entertainment giants on our center stage is a great indicator of the impact wireless data has made on countless industries, — Steve Largent

If you have all the research, all the ground rules, all the directives, all the data - it doesn't mean the ad is written. Then you've got to close the door and write something - that is the moment of truth which we all try to postpone as long as possible. — David Ogilvy

The average small-business owner uses 18 apps to run their business every day, and if those applications don't allow data to flow seamlessly and they don't integrate, it's going to become a point of friction. It's going to prevent the small business from being successful. — Brad D. Smith

For ecommerce data derived from digital experiences, such as the keywords and phrases from search engines to the frequency of purchases of various customer segments, data is most often not normally distributed. Thus, much of the classic and Bayesian statistical methods taught in schools are not immediately applicable to digital ecommerce data. That does not mean that the classic methods you learned in college or business school do not apply to digital data; it means that the best analysts understand this fact. — Judah Phillips

One might ask why big business data is still so often used on faith, even after it has failed spectacularly. The answer is of course that big business data happens to facilitate superquick and vast near-term accumulations of wealth and influence. — Jaron Lanier

There are many who subscribe to the convention that service is a business cost, but our data demonstrates that superior service is an investment that can help drive business growth. Investing in quality talent, and ensuring they have the skills, training and tools that enable them to empathize and actively listen to customers are central to providing consistently excellent service experiences. — Jim Bush

Dell will participate in tablets and all sorts of client devices. Our main business is helping our customers secure, protect their data and access it from any device they want to. — Michael Dell

I think audiences ultimately want something new. I think the business model for a franchise is such that it's very low risk because you have data and studios love data. — Gore Verbinski

The secret language of statistics, so appealing in a fact-minded culture, is employed to sensationalize, inflate, confuse, and oversimplify. Statistical terms and statistical methods are necessary in reporting the mass data of social and economic trends, business conditions, 'opinion' polls, the census. But without writers who use the words with honesty and understanding and readers who know what they mean, the result can only be semantic nonsense. — Darrell Huff

Web users ultimately want to get at data quickly and easily. They don't care as much about attractive sites and pretty design. — Tim Berners-Lee

Rather than spend my life on data entry and typing, I also take photos on my iPhone of business cards, wine labels, menus, or anything I want to have searchable on-the-run. — Timothy Ferriss

Thought Leadership
"The new economics for industry, government, education" Book by W. Edwards Deming
"In God we trust. All others must bring data."
William Edwards Deming,
Statistician, Professor and Author
#smitanairjain #leadership #womenintech #thoughtleaders #tedxspeaker #technology #tech #success #strategy #startuplife #startupbusiness #startup #mentor #leaders #itmanagement #itleaders #innovation #informationtechnology #influencers #Influencer #hightech #fintechinfluencer #fintech #entrepreneurship #entrepreneurs #economy #economics #development #businessintelligence #business — W. Edwards Deming

NOBODY knows better than you what's right for you. NOBODY. Let me say what I really mean: NOBODY. Advice? Get some. Oracles? Consult them. Friends? Worship them. Actual gurus? Honour them. Final say? YOU. All you. No matter what. No matter how psychic that psychic is, or how rich the business consultant is, or how magical the healer, or bendy the yoga instructor. All that experts offer you is data for you to take into consideration. YOU are the centrifugal force that must filter, interpret, and give meaning to that data. — Danielle LaPorte

We've already seen shifts happening in some of the big companies - Google, Apple - that now understand how vulnerable their customer data is, and that if it's vulnerable, then their business is, too, and so you see a beefing up of encryption technologies. At the same time, no programs have been dismantled at the governmental level, despite international pressure. — Laura Poitras

Things in this world are very roughly averaged; and although averaging is a useful, rapid way of dispatching business, it does undoubtedly waste a great deal which is too good for wasting. — Vernon Lee

obvious, rather than rolling up numerous ad hoc spreadsheets, and an effective and broad system for data capture can save time and increase visibility into business performance. Without it, you must be very precise in the data you collect in order to avoid overburdening the organization or hitting material data-quality issues. However, don't let a broad reporting system allow you to neglect the process of effective reporting. A mass of data is not the same as a report. Even if executives can drill down into real-time portfolio information, that is too ad hoc to be a process for keeping projects on track, and you will still need a structure of reports — Simon Moore

Pulling the plug on the BlackBerry could cost corporate America millions of dollars. The BlackBerry is more than e-mail but a handheld office, and if you shut down the BlackBerry, you shut off the data that powers American business. — Al Smith

The model is the data, the view is the UI, and the controller is the business logic. — Shyam Seshadri

Every company has big data in its future and every company will eventually be in the data business. — Thomas H. Davenport

Nearly every business collects metrics on inventory, sales, and workplace process. Health care has been slow to measure these kinds of outcomes. Increasingly, general medicine, via either managed care or large practice settings, is improving by collecting data through electronic records and refining practice based on what works. — Thomas R. Insel

For those of you unfamiliar with the term "growth hacking," growth hacking focuses exclusively on strategies and tactics (typically in digital marketing) that help grow a business or product. The concept was first coined by Sean Ellis of Dropbox fame back in 2010 in a blog post. It has since changed the face of startup marketing, with Techcrunch guest writer Aaron Ginn explaining that a growth hacker has a "mindset of data, creativity, and curiosity. — Monica Leonelle

When we share our personal data with business, its use should be transparent and secure. — Anna Eshoo