The Crude Audacity

HOW TO LIE WITH DATA w/ JIM CROMPTON


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Do you lie with data? Do you know how to recognize when you are being lied to with data? Sure the buzz words sound fancy and the graphs and figures look official, but is it truthful?

If we have learned anything from 2020, it is that data is easily manipulated, filled-in, and plain out spun to get the rating and fit the agenda…. No more.

As a part of the Surtek Webinar Series and an episode on The Crude Audacity Podcast, Data Guru, Mr. Jim Crompton, sits down to help us better understand where data is falling short.

You don’t need to have 8 degrees and 30 years of experience to recognize when something doesn’t sound correct. Nor, do you need to be hyper intelligent to identify when details are being made-up. No, you simply need your brain and some common sense.

Across every industry… yes, even in Oil and Gas, we are asked to Exaggerate and Elaborate constantly. Here is the secret folks:

ALL MODELS ARE WRONG AND SOME ARE USEFUL

… if you don’t have the data and the answer doesn’t yet exist... don’t try and model the scenario… focus on building your dataset. See, everyone is a genius!

In this 2 Part Webinar, Jim Crompton addresses:

  • Storytelling with Data
  • The Overly Optimistic Approach
  • Dataset Complexity
  • Over-reliance on Technology (Art of Interpretation)
  • What is Risk and Uncertainty
  • Context & Bias
  • Lies vs Exaggeration
  • Correlation and Causation
  • 2020 Conspiracy Theories (COVID 19)
  • Algorithms Behaving Badly
  • And

    • Misuse of Visuals
    •  

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      Connect with Today’s Oilfield Influencer:

      Jim Crompton

      https://www.linkedin.com/in/jim-crompton-a206466/

      The Professor

      https://petroleum.mines.edu/project/crompton-jim/

      Digital Canterbury Tales by Jim Crompton

      https://www.amazon.com/Digital-Canterbury-Tales-Mr-Crompton/dp/B08H5D3CSW/ref=sr_1_6?dchild=1&keywords=The+Digital+Canterbury+Tales&qid=1599252340&sr=8-6

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      Surtek

      Leaders in Enhanced Oil Recovery since 1978

      www.surtek.com

      Surtek delivers unique and innovative solutions for any reservoir. Capabilities include, but are not limited to, Fluid-Fluid Analysis, Radial Core Flooding, Linear Flooding, Advanced Reservoir Characterization, Advanced Nodal Analysis, Continued Monitoring Expertise, and EOR/IOR Education & Training.

      _______________________________

      Recommended Reading

      Digital Canterbury Tales by Jim Crompton

      https://www.amazon.com/Digital-Canterbury-Tales-Mr-Crompton/dp/B08H5D3CSW/ref=sr_1_6?dchild=1&keywords=The+Digital+Canterbury+Tales&qid=1599252340&sr=8-6

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      TCA's Last 2 Vides:

      The Danger of Ignoring Opportunity w/ Heidi Gill

      https://youtu.be/NvvZ7GCx6yw

      The Frac’n Feminist w/ Susan Fakharzadeh

      https://youtu.be/QQ9Ff8RxmXc

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      The Crude AudacityBy Kathryn Mills

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