Data Driven Decisions Quotes

Science is the belief in the ignorance of experts.

The real danger is not that computers will begin to think like men, but that men will begin to think like computers.

Algorithms are opinions embedded in code. It’s really different from what you think most people think of algorithms. They think algorithms are objective and true and scientific. That’s a marketing trick. It’s also a marketing trick to intimidate you with algorithms, to make you trust and fear algorithms because you trust and fear mathematics. A lot can go wrong when we put blind faith in big data.

Our view is that the very best data miners or statisticians can earn as much as the very best golfers or tennis players.

Truly smart technologies will remind us that we are not mere automatons who assist big data in asking and answering questions.

An economist's guess is liable to be as good as anybody else's.

We’re not used to calculating large amounts of data. Our brains think anecdotally.

Heritage will remain, first and foremost, a research institute dedicated to impeccable research and data-driven policy analysis.

We must never let a blizzard of statistics blind us to the real lives and people behind them.

From the early days, Booking.com has been disruptive. Our aim is to create the best product for our customers, and we do that through constant innovation and testing.

Scientists often have a naive faith that if only they could discover enough facts about a problem, these facts would somehow arrange themselves in a compelling and true solution.

As information technology restructures the work situation, it abstracts thought from action.

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

Analytics, math, science has gone into a lot of different areas of the NBA.

I have been struck again and again by how important measurement is to improving the human condition.

If performance management were a movie, it will become less 'Gladiator' and more 'Moneyball.'

We just kind of relied on written scouting reports through the eighties and even the early nineties. I've really been amazed by some of the data that's out there, especially with regards to tendencies of hitters, and certainly tendencies of pitchers as well. I would have loved to have gotten that data when I played.

We are witnessing a seismic change in consumer behavior. That change is being brought about by technology and the access people have to information.

Disregard belief systems that aren't based on empirical studies.

We have to keep up the fight for evidence-based science and policy.

I have to take decisions—not back hunches.

You can't make evidence-based policy decisions without evidence.

What happened in the past can help you know what's going to happen in the future. That insight brings a next level of intelligence not just to sales and marketing but to ERP, where you can save more money in procurement or figure out whether the people you recruit are going to be successful in your organization.

I would say, as an entrepreneur everything you do - every action you take in product development, in marketing, every conversation you have, everything you do - is an experiment. If you can conceptualize your work not as building features, not as launching campaigns, but as running experiments, you can get radically more done with less effort.

Technology has become as ubiquitous as the air we breathe, so we are no longer conscious of its presence.