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Ori Cohen (Lead Researcher, New Relic, Inc.), recently replied to a post on LinkedIn, with this statement ("The only thing that matters is the data").
This led me to pause for a moment of contemplation - and ask, is this true, in the more general sense?
Perhaps that might be true - if we lived in a perfect world. But, we don't.
Which gave rise to the following...which I considered as possible counterpoint thoughts - with good humor intended:
- What would the available data have told Henry Ford about the potential for an automobile market?
- The majority of analysts on Wall Street - did not foresee the global market crashes of 1987, 1989, 1997, 1998, 2000-2003, 2007, 2008, 2010, 2015, 2020, ..., and they won't see the next one either.
- In many types of endeavors - the data may be incomplete, inaccurate, or missing - or biased - and that may not be obvious.
- Intuition, inspiration, insight, instinct - these are valuable components of decision making - when the truly new, innovative, untried, unknowable, and paradigm-shifting changes emerge - or need to be created.
- A well-regarded military planning truism: "No plan survives contact with the enemy” - or, as Mike Tyson so eloquently put it: "Everyone has a plan until they get punched in the mouth".
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