Data about a person is not as valuable as the person, but since the data is so much cheaper to manage, it’s a far better investment.
What's the meaning of this quote?
Quote Meaning: This quote highlights the value of data and the increasing focus on data-driven decision-making in various fields. It suggests that while data can provide valuable insights and information, it is ultimately the individuals behind the data who hold the true value. However, due to the lower cost and ease of managing data compared to managing individuals, there is often a tendency to prioritize data over individuals. It prompts us to consider the balance between data and human-centric approaches, and to recognize the inherent worth and importance of individuals in any context.
Who said the quote?
The quote "Data about a person is not as valuable as the person, but since the data is so much cheaper to manage, it’s a far better investment. " was said in the book Predictive Analytics (Summary) by Eric Siegel. Eric Siegel is a data scientist and author of "Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die," which explores the applications and ethics of predictive analytics.
* The editor of this interpretation made every effort to maintain information accuracy. This includes the source and any key ideas or meanings conveyed in it.
Chief Editor
Tal Gur is an author, founder, and impact-driven entrepreneur at heart. After trading his daily grind for a life of his own daring design, he spent a decade pursuing 100 major life goals around the globe. His journey and most recent book, The Art of Fully Living, has led him to found Elevate Society.
