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The Monday Morning Memo

 

Read the 10-year-old quote below. Replace the word “data” with “AI” and ask your heart whether the assertion below remains true or not. – Indy Beagle

“Big data has become the X factor of modern marketing, the hero of every marketer’s story. But it’s a promise at risk of letting you down. You may be thinking that data will magically turn bush-league marketing into a winning ‘Moneyball’ performance. But that’s an artifact of our big data obsession. Data, alone, isn’t what makes marketing move the needle for business.”

“Data can play a leading role in developing strategy and bringing precision to execution, but it does nothing — absolutely nothing — to stir motivation and create the desire that makes cash registers ring. Data is important, but it’s content that makes an emotional connection.”

– Harvard Business Review, February 25, 2014, “What Data-Obsessed Marketers Don’t Understand,” by Jake Sorofman and Andrew Frank

 

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Random Quote:

“It’s likely the administration was lulled into complacency by a previous, abbreviated shutdown that took place in early 2018. This interruption in funding lasted only a few days and had barely any effect. Perhaps the administration assumed a longer shutdown would work the same way, but, you know, more of it. The reality is that the effects of a shutdown compound over time. Government agencies can creatively stretch their budgets to mask gaps in funding, but at some point, their capacity to maintain services snaps. The relationship between the length of a shutdown and its impact is not linear. A 30-day shutdown is not ten times as damaging as a three-day shutdown. It is probably 100 times as damaging.”

- Jonathan Chait, "Trump Literally Did Not Understand What a Shutdown Would Do" Jan. 7, 2019. This is a good example of the peril of linear, 'no-threshold' thinking.

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