Trends don’t need perfect data

Trends don't need perfect data

When it comes to analyzing data trends (changes in data over time), it's important to keep in mind that the data does not have to be perfect (data never is!) in order for it to be useful.

In a conversation with a client recently, the client pointed out that their membership dashboard over several years is not 100% accurate, and therefore can't be trusted. They explained that some of the data for certain years was inaccurate (sometimes as much as only 95% accurate). And thus they didn't think the trending data was useful.

But here's the thing: the point of trending data is to see trends. Is membership growing? It is flat? Is it shrinking? Unless you're dealing with really small data sets (e.g., 50 members), a few percentage points off perfect is unlikely to affect the overall trends.

As the old saying goes, don't let perfect be the enemy of good. If you're trying to detect trends, "close enough" is very likely to get you the information you need to act.

Wes's Wednesday Wisdom Archives

Once it’s lost, trust can be difficult to regain

May 15, 2024

Once it’s lost, trust can be difficult to regain I recall hearing once long ago […]

Share your successes!

May 8, 2024

Share your successes! I was speaking at an association meeting recently and one of the points […]

What are YOUR data integrity reports?

May 1, 2024

What are YOUR data integrity reports? Sitting in an AMS demo with a client recently, […]

You might have to do SOME of the work yourself!

April 24, 2024

You might have to do SOME of the work yourself! Many, many years ago I […]

Don’t manage to the exception!

April 17, 2024

Don’t manage to the exception! One of the universal truths about data management is, wherever possible, […]

It’s always about improvement

April 10, 2024

It’s always about improvement Talking with a client recently, she expressed frustration about one particular project […]

Don’t be a hoarder!

April 3, 2024

Don’t be a hoarder! The simple truth is that it’s almost “free” to collect data. […]

With data analytics (as with most things), keep it simple!

March 27, 2024

With data analytics (as with most things), keep it simple! Over the past several years […]

Don’t forget about periodic maintenance

March 20, 2024

Don’t forget about periodic maintenance Just as most automobiles need periodic maintenance, keeping your data as […]

Users Groups are ALWAYS Valuable

March 13, 2024

Users Groups are ALWAYS Valuable I am a huge fan of users groups. (Here’s a […]

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top