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Yeah I mean this misses the main argument I'm making. I have vast amounts of firsthand evidence from randomized controlled trials that non-financial data can b

Yeah I mean this misses the main argument I'm making. I have vast amounts of firsthand evidence from randomized controlled trials that non-financial data can be used to create value. This is enough evidence for anyone in the industry. Presumably the commenter doesn't have access to this evidence. Instead he has to rely on other heuristics, like the weaker argument that companies spend trillions on data and analytics. Companies sometimes waste money, and maybe microservices are an example of this. But companies collectively spend 3-4 orders of magnitude more money on "all data that does not have USD units" than on microservices, so the commenter should take that as strong evidence that data can be used to create value.

abernard1 6y ago
His quote was: > Is there any evidence that the vast amounts of clicks and user interactions companies have been collecting are worth anything at all? And for the huge majority of companies, it is not. Even many 1B+ dollar companies. Most value produced by businesses still could exist with boring ETL or BI concepts that have been around forever, because the hardware powering it is so fast. Many if not most of those businesses probably would be better off. So yes, companies blow a lot of money on stuff with questionable ROI. I don't discount your experiences and that there are cases where the complexity might have a payoff. But honestly, we've seen periods of excess complexity and waste in software before: it's the norm.