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Three Common Misconceptions About Big Data

09th Oct `13, 03:25 PM in Resources

The concept of Big Data is well-established in the marketing world. But the irony for many of us…

BDMS
Guest Contributor
 

The concept of Big Data is well-established in the marketing world. But the irony for many of us is that we are no closer to making smart marketing decisions now than we were before it was well-known.

Where we used to make bad decisions based on too little information, we are now making bad decisions based on too much information. The pendulum has swung from Little Data to Big Data, but many of us are still using Stupid Data.

Stupid Data is what data becomes when it is misused or misunderstood. Any data set can become Stupid Data. Data is just a set of facts gathered together for analysis. But then we get involved. As soon as the information under review becomes overwhelming, improperly presented, or misunderstood it becomes Stupid Data.

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