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Feeding Our Gut Feeling with Data and Statistics
Following our instincts before making big decisions is usually the best option. When, for some reason that we can't explain, our decision goes against logic; that is the voice of our instincts talking, and we should listen to it. However, our gut feeling might be tainted; we could be influenced, on an unconscious level, by a specific outcome and make biased decisions.
On the other hand, numbers reflect reality, data is objective. Or is it? Can't we look at the statistics that support our thought, and even with strict data in front of us, make a subjective choice?
In this episode, we talk about data vs. going with our gut in big decisions. We delve into how hard it is to find the balance between what we see through numbers is the right choice and what our feelings tell us we should do. We discuss when we should, as leaders, go with our instincts or look at the data and trust the numbers. We talk about the importance of surrounding ourselves with people who can turn data into information, and information into insights. We also talk about stepping back, getting away from the noise, and looking at the big picture in silence to get closer to the correct answers.
In This Episode, You Will Learn:
- My tummy feels like watching a movie. The importance of getting used to listening to our instincts (3:12)
- The numbers don't lie, or do they? We must pay attention to data skewing (5:28)
- Data can't be blindly followed (8:33)
- About turning data into information, and information into insights (10:28)
- How can we get outside of the groupthink (15:33)
Resources:
- Quote - William Edwards Deming - "In God we trust, all others must bring data."
- Quote: Attributed to Albert Einstein - "Not everything that counts can be counted, and not everything that can be counted counts."
- Quote: Carly Fiorina, Former CEO of HP - "The goal is to turn data into information and information into insight."
- Coaching with Clint Consultation Call - Book Here
- Download my free One-on-One Transformation tool
Let's Connect!
- Website
- Email: [email protected]
Hosted on Acast. See acast.com/privacy for more information.
View all episodes
By Clint Hoopes
5
3232 ratings
Following our instincts before making big decisions is usually the best option. When, for some reason that we can't explain, our decision goes against logic; that is the voice of our instincts talking, and we should listen to it. However, our gut feeling might be tainted; we could be influenced, on an unconscious level, by a specific outcome and make biased decisions.
On the other hand, numbers reflect reality, data is objective. Or is it? Can't we look at the statistics that support our thought, and even with strict data in front of us, make a subjective choice?
In this episode, we talk about data vs. going with our gut in big decisions. We delve into how hard it is to find the balance between what we see through numbers is the right choice and what our feelings tell us we should do. We discuss when we should, as leaders, go with our instincts or look at the data and trust the numbers. We talk about the importance of surrounding ourselves with people who can turn data into information, and information into insights. We also talk about stepping back, getting away from the noise, and looking at the big picture in silence to get closer to the correct answers.
In This Episode, You Will Learn:
- My tummy feels like watching a movie. The importance of getting used to listening to our instincts (3:12)
- The numbers don't lie, or do they? We must pay attention to data skewing (5:28)
- Data can't be blindly followed (8:33)
- About turning data into information, and information into insights (10:28)
- How can we get outside of the groupthink (15:33)
Resources:
- Quote - William Edwards Deming - "In God we trust, all others must bring data."
- Quote: Attributed to Albert Einstein - "Not everything that counts can be counted, and not everything that can be counted counts."
- Quote: Carly Fiorina, Former CEO of HP - "The goal is to turn data into information and information into insight."
- Coaching with Clint Consultation Call - Book Here
- Download my free One-on-One Transformation tool
Let's Connect!
- Website
- Email: [email protected]
Hosted on Acast. See acast.com/privacy for more information.