Monday, May 13, 2024
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Alternative facts are fine in business — but too dangerous for politics

Many executives, including Trump, don’t want common facts. His most repeated claim follows the first narrative. Trump took credit for the stock market growth 95 times, insisting that “…had the other side gotten in, the market would have gone down 50 percent from where it was.” Like many executives, Trump finds positive data then takes credit for it. The sales executive will prepare a chart blaming marketing for all the “fake leads” that never close. Like Trump, business executives spin misleading insights to defend themselves and attack each other. Different data produces different insights. An ‘insights economy’ may help Once, people talked about the data, the research, and the facts. Now, it’s all about my data, my research, and my facts. In business, I’m optimistic about the rise of what I call the insights economy. Political data aggregators like Steve Ballmer’s USAFacts, which sources and visualizes data from over 70 government sources, might be the model for a broader CBO.