Data is a tool, not a strategy
March 13, 2024
Having a fact does not equal having an idea, or a plan, or a strategy. Data + brains (often but not always) = valuable insights.
Lindsay's Data Stack: Being data-driven is not a product strategy, 24-Mar-13 by Lindsay M. Pettingill
Saying you’re data-driven is an excuse for having no point of view.
Your strategy shouldn’t be driven by data. Your product direction shouldn’t be driven by data. Your data definitely shouldn’t be driven by data.
To be clear, this does not mean that data doesn’t matter. Data matters for all sorts of applications and problems. But if you’re looking for data to tell you what to build, you’re doing it wrong. The answer isn’t in the data....
I like experimentation because it a) forces rigor around hypothesis formation and b) helps test (measure) those hypotheses. It is not a solution in itself!
If your business is already doing great, experimentation is a fantastic tool to measure incremental gains. But you cannot experiment your way to greatness.