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

The power of the users’ group

April 26, 2023

The power of the users’ group Recently in an online users group forum for an […]

Who is your data evangelist?

April 19, 2023

Who is your data evangelist? I was recently talking with a client of mine about […]

Who is your data evangelist?

April 19, 2023

Who is your data evangelist? I was recently talking with a client of mine about […]

Ratio of Data to Errors

April 12, 2023

Ratio of Data to Errors One of the elements of a good data governance plan […]

Back to basics

April 5, 2023

Back to basics Over the past couple of years I’ve noticed that some AMS vendors […]

Your people matter

March 29, 2023

Your people matter I’ve written many times about how people, process, and technology have to […]

We remember moments…

March 22, 2023

We remember moments… “We do not remember days, we remember moments.” – Cesare Pavese Another […]

Acknowledging problems is part of managing expectations

March 15, 2023

Acknowledging problems is part of managing expectations Research was done some time ago that suggested […]

Need data? Consider third-party sources

March 8, 2023

Need data? Consider third-party sources I always tell my clients, only collect data that you’re […]

Action must follow the decision

March 1, 2023

Action must follow the decision When I work with my clients on their projects (whether […]

Leave a Comment

Your email address will not be published.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

Scroll to Top