Quotes About Data

A theory with mathematical beauty is more likely to be correct than an ugly one that fits some experimental data.

People are not good at expressing their frustration. The best way to listen to the customer is through metrics.

Surveillance is the business model of the Internet.

If a picture is worth a thousand words, in business, so is a number.

Banking is a branch of the information business.

Good marketers measure.

I believe that the data will set you free. At the end of the day, it's about how do you turn those pieces of information into insights that will improve business.

Data is great, but strategy is better

Using encryption on the Internet is the equivalent of arranging an armored car to deliver credit card information from someone living in a cardboard box to someone living on a park bench.

The greatest wisdom not applied to action and behaviour is meaningless data

To supply data is not enough. The data have to be integrated with strategy, they have to test a company's assumptions, and they must challenge a company's current outlook. One

The greatest wisdom not applied to action and behavior is meaningless data.

So we pour in data from the past to fuel the decision-making mechanisms created by our models, be they linear or nonlinear. But therein lies the logician's trap: past data from real life constitute a sequence of events rather than a set of independent observations, which is what the laws of probability demand.[...]It is in those outliers and imperfections that the wildness lurks.

If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings.

To my mind, the stock price is the least useful information you can track, and it's the most widely tracked.

The snowball effect of reinforcing advocacy can be stopped, by beginning to ask a few questions. Simple questions such as, "What is it that leads you to that position?" and "Can you illustrate your point for me?" (Can you provide some "data" or experience in support of it?) can introject an element of inquiry into a discussion.

Today, as you read this, Vichy Microsoft is even partnering with the Chinese military on the development of artificial intelligence.36 AI is a technology destined to be one of the most powerful weapons on the twenty-first-century battlefield. So the idea of a Microsoft Corporation in bed with the Chinese Communist Party first buying the American slice of TikTok and then keeping American data safe was indeed more than laughable.

it is one thing to have a qualitative impression of something, and a very different thing to have a quantitative estimate of the same thing, based on cold, hard numbers. Science thrives on numbers.

This was, keep in mind, the tail end of the era of the mainframe computers, tape- and card-based data storage, & c., which now seems almost Flinstonianly remote.

Facebook's obvious use case for a payment system was to be yet another source of personal information on users. Every regulator and commentator noticed this immediately.

What does Facebook want from a private currency so much that they're offering to lose money to run it? The obvious answer is: personal data — because Facebook always wants personal data. Facebook's business is selling personal data to advertisers.

Would Facebook break Mark Zuckerberg's promises not to use spending data from its Calibra/Novi wallet for ad targeting? Past behaviour is the best predictor of future behaviour — so we should expect that Facebook will break these promises. Facebook does not take "no" or "never" for an answer. We should assume that one of Zuckerberg's key goals with the Libra project is to harvest as much personal data as possible.

These are only the most prominent examples. Facebook's history of personal data abuse is extensive, and consistent. Given the chance, you can be sure Facebook will abuse users' data — no matter what permissions the users think they gave, and no matter the promises Facebook may have made to regulators.

Facebook even builds shadow profiles on Internet users who aren't Facebook users, by using the Facebook buttons included on web pages. All the incentives are for Novi to use a "Pay with Novi" web page button to collect data on non-users, in the same way, and there's nothing to stop them.