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An occasional series in which a review of recent posts on SmartData Collective reveals the following nuggets:

**Prediction + understanding**

In my view, predictive models can be powerful business tools, but they have the potential to lead us into a false belief that because we can predict something on the basis of mathematical relationships, we understand what we’re predicting. We might also lapse into an expectation that “prediction” based on past behavior is in fact… Continue

In my view, predictive models can be powerful business tools, but they have the potential to lead us into a false belief that because we can predict something on the basis of mathematical relationships, we understand what we’re predicting. We might also lapse into an expectation that “prediction” based on past behavior is in fact… Continue

Added by Brian Roger on August 11, 2009 at 11:49am — No Comments

An occasional series in which a review of recent posts on SmartData Collective reveals the following nuggets:

**It happens**

One of the most common obstacles organizations face with data quality initiatives is that many initial attempts end in failure. Some fail because of lofty expectations, unmanaged scope creep, and the unrealistic perspective that data quality problems can be permanently “fixed” by a one-time project as opposed to needing a sustained program. However,… Continue

One of the most common obstacles organizations face with data quality initiatives is that many initial attempts end in failure. Some fail because of lofty expectations, unmanaged scope creep, and the unrealistic perspective that data quality problems can be permanently “fixed” by a one-time project as opposed to needing a sustained program. However,… Continue

Added by Brian Roger on August 2, 2009 at 2:37pm — No Comments

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