Quotes About Data

Although private debt certainly plays a key role in many crises, government debt is far more often the unifying problem across the wide range of financial crises we examine. As we stated earlier, the fact that basic data on domestic debt are so opaque and difficult to obtain is proof that governments will go to great lengths to hide their books when things are going wrong,

STORIES ARE JUST DATA WITH A SOUL

Even though medicine is all about facts and data, the driving force of what engages people (employees, investors, customers) is the human story behind what we're doing. Again and again we have found that crafting it into human terms is the most effective way to engage those three groups.

Google offers to its "customers" is free. Internet searches are free. Email is free. The vast resources of the data centers, costing Google an estimated thirty billion dollars to build, are provided essentially for free. Free is not by accident. If your business plan is to have access to the data of the entire world, then free is an imperative.

Statistics are no substitute for judgement.

Data data everywhere but not a thought to think.

This guy knows his electronics, so he took basic precautions with his personal data, but—take a hike, She-Body, this is my area.

Data that conflicts with beliefs is often ignored

Information is lightning-quick. It crosses cities, states, and national borders in the twinkle of an eye. It passes through many kinds of devices, flowing from phone to phone and computer to computer, rather than being sealed away in those silent marble temples we used to call banks.

Facebook and Twitter have a ton of information they're trying to make sense of.

Twitter, Facebook, and other social media outlets have a great deal of information about all of us - and the government wants to be able to see it.

It turns out that with Twitter data alone, we can go quite some way into figuring out someone's personality.

What's really going on is, on your iPhone, you have 200 apps, and they're all collecting a little data on you. Twitter knows a certain thing, Foursquare knows something else, my Fitbit app knows something else, my Waze app knows something else.

I don't have scientifically validated data, but once two people have found each other and found interest in each other, my hypothesis would be that the relationship has a good chance of being successful.

I'm the type of person who responds to facts.

The type of measure used placed constraints on which statistics can be used.

There are two types of claims: those based on hard numbers and those based on slippery numbers.

Consider: The human genome consists of about 3.3 billion base pairs. Since there are only four types of pair, that amounts to 0.8 gigabytes of information, or about what you can fit on a CD. With a microwave radio transmitter, you could beam that amount of information into space in a few minutes, and have it travel to anyone at light speed.

Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.

There are many types of economic data, but the type considered by Rob Engle and myself is know as time series.

Applying smarter IT to genomic data may offer the potential to cure many types of cancer and other diseases.

There's always been a lot of information about your activities. Every phone number you dial, every credit-card charge you make. It's long since passed that a typical person doesn't leave footprints.

A typical medical practice is like an old-fashioned business which keeps all of its records on paper. It can probably track down any individual transaction if it needs to, but it's basically helpless when it comes to overall measurements of performance. And that's the big problem.

The UK has a poor investment record. According to IMF data, we have come seventh out of the top seven industrialised countries since 1999.