Performance indicators, measurement, analytics

Street fighting statistics

September 22, 2014 — July 9, 2022

Figure 1

Data-driven business plans. Measuring how well we are doing, while minimising exposure to Goodhardt’s law and other hyperselection effects.

The Sobering Truth About the Impact of Your Business Ideas:

But, science-based organizations are rigorously quantifying this impact and have learned some sobering lessons:

  1. The vast majority of business ideas fail to generate a positive impact.
  2. Most companies are unaware of this.
  3. It is unlikely that companies will increase the success rate for their business ideas.

The definition used by Cassie Kozyrkov is slightly different again, but this still lands: To Recognize Risks Earlier, Invest in Analytics. (She thinks of analytics as more like what I call exploratory data analysis.)

1 Of myself

See Quantified self.

2 References

Barocas, and Selbst. 2016. Big Data’s Disparate Impact.” SSRN Scholarly Paper ID 2477899.
Doerr. 2018. Measure What Matters: OKRs: The Simple Idea that Drives 10x Growth.
Hubbard. 2014. How to Measure Anything: Finding the Value of Intangibles in Business.
Karpf. 2018. Analytic Activism and Its Limitations.” Social Media + Society.