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batye
batye
8/4/2016 10:24:55 AM
User Rank
Platinum
Re: Vodafone IOT
@dlr5288 I would say as long as they do prepare for it and be ready on guard when it happens and deal with it in the timely manner...

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JohnBarnes
JohnBarnes
7/31/2016 5:32:50 PM
User Rank
Platinum
Re: So Vodafone interviewed 1,100 Business Leaders??
Ariella,

I think on the matter of embedded quotes in survey data (and on the business of referring to survey responses as "interviews") we're down to where we just disagree. I know many business decision makers would rather have a well-told story, but they will make better decisions on an accurate representation -- and a well told story puts story-values ahead of truth-values.

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JohnBarnes
JohnBarnes
7/31/2016 5:28:33 PM
User Rank
Platinum
Re: So Vodafone interviewed 1,100 Business Leaders??
Well, the full report does not seem to be downloading to me. Since it looked like some care had been taken in the sample, I was wondering if they'd gone as far as to stratify it, but that information isn't there in the executive summary and I don't seem to be able to download the full report.  Stratification, though, which is done for most electoral and public opinion polls, would greatly improve the accuracy of business surveys, and I only see it very occasionally.

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dlr5288
dlr5288
7/31/2016 5:23:30 PM
User Rank
Platinum
Re: Vodafone IOT
Hopefully!

The problem is that things can go smoothly for only so long before a problem pops up. As long as they're prepared for when things go wrong.

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JohnBarnes
JohnBarnes
7/31/2016 4:41:16 PM
User Rank
Platinum
Re: So Vodafone interviewed 1,100 Business Leaders??
ariella,

The point that increasing the sample size does improve the representation of the group being represented is well taken (and often emphasized in stats books and classes); unfortunately, this is frequently elided so that it becomes a magic formula for improving representation. To re-use an ancient analogy, if someone is looking for a quarter on a dark sidewalk where they dropped it, more light will help, so turning up an adjustable flashlight or adding a streetlight will definitely improve the chances of finding the quarter. But if they dropped it in the alley and they're looking under the streetlamp because the light is better -- the classic analogy for an unrepresentative sample -- brightening the streetlight only strengthens the basis of the initial poor choice.

In the case of surveys, a small poorly recruited survey will have a wide scatter and this may very well include some of the true value; the same survey repeated with a bigger sample will have a tigher scatter and will dismiss the relatively few good points as noise.  So, once again, for surveys with a large self-selection component, increased sample size actually pulls the results further off.

However: it's quite clear from what you quoted that this was not the basic crude self-selected survey. Now going over to have a look at it ....

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Ariella
Ariella
7/28/2016 2:59:31 PM
User Rank
Author
Re: So Vodafone interviewed 1,100 Business Leaders??
@JohnBarnes perhaps  you may say that group is not necessarily the best reflection of all people, but that's always the case with any sampling.  I think you would not come off any more objective with a sample size of 25 with a particular group than you would with 1000. It wouldn't become less accurate because it's larger. The larger the responses for a group, the more accurate the reflection of that group -- even if you have your doubts about the group being truly representative. 

In other words, if I want to get a sense of how many people understand IoT, I can ask here. But anyone who is a regular reader here likely has a better understanding than the average person, so the sampling itself would be biased. But it doesn't become more accurate if I get responses from only 10 people here rather than from all of them. Any survey has to have some way of setting and reaching people to answer questions, so it will never be perfect in getting full representation. 

This is what the report said about its responses:

1,096 qualified respondents. These respondents were carefully selected to represent all kinds of: • Regions: We surveyed 17 countries across all major regions: Australia, Brazil, Canada, China, Germany, India, Ireland, Italy, Japan, the Netherlands, South Africa, South Korea, Spain, Turkey, the UAE, the UK and the USA. • Industries: Respondents represented retail, manufacturing, energy and utilities, healthcare, transport and logistics, automotive, consumer electronics, and industrials. For the first time we also surveyed public sector organisations. • Sizes: We spoke to both SMEs and the largest multinationals. 15% of those we surveyed have more than 10,000 employees; we also included SMEs with as few as 10 employees. • IT spending: Overall IT budgets ranged from under €10,000 to more than €50m. • Roles: We only surveyed qualified decision-makers at senior manager level or above, but they represented a mix of departments. 40% of our respondents were from IT functions; 13% were senior business leaders; 9% were from sales and marketing; and 8% from finance. Retail Automotive Industrials Consumer electronics Transport and logisitics Healthcare Public sector Energy and utilities Manufacturing 8% 17% 18% 12% 10% 13% 4% 10% 8% Percentage of interviews across all sectors Percentage of interviews across all regions Percentage of interviews across all business sizes Americas 29% EMEA 43% APAC 29% 10–249 employees 250–999 employees 1,000–9,999 employees 10,000+ employees

The quotes are contextualized to identify which business type and location it comes from. They provide the storytelling part of data representation. Without that, you just have numbers and graphs. Can story tilt the impression overall? Sure it can, but readers of such reports should be sophisticated enough to know that and how to work with it.

 

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JohnBarnes
JohnBarnes
7/28/2016 2:38:49 PM
User Rank
Platinum
Re: So Vodafone interviewed 1,100 Business Leaders??
Ariella, but the problem isn't what a quote says; it is that embedding it in the text of a survey gives it a spurious impression of being a typical response or a conclusion. And any survey that rests on volunteer responses is likely to become more rather than less biased with increased sample size. Like sausage and democracy, if you like surveys you should avoid seeing what goes into them.

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Ariella
Ariella
7/28/2016 9:28:50 AM
User Rank
Author
Re: So Vodafone interviewed 1,100 Business Leaders??
@JohnBarnes About pulling quotes, I read the study and found most of the quotes from one particular company that really spoke only about its own use and ROI for IoT and how it may be used in its industry. It didn't attempt to say that this is the case for everyone.

I see studies cited all the time that draw conclusions based on responses from people who are hardly a random sampling, most often less than a hundred people around a college campus who were willing to go through the steps. I think in such cases, one has to take things with a grain of salt. Of course, one has to take any presentation with a grain of salt if there is any possible agenda behind it. Certainly, one can manipulate data by the choice of frame.  I recently shared this on G+

"After many requests, I finally added trend-lines (linear least-squares regression) to the graph generator. I hope this is useful, but I would also like to point out that it can be fairly dangerous...
Depending on your preconceptions, by picking your start and end times carefully, you can now 'prove' that:
Temperature is falling!
Temperature is static!
Temperature is rising!
Temperature is rising really fast!"


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JohnBarnes
JohnBarnes
7/28/2016 7:59:39 AM
User Rank
Platinum
Re: So Vodafone interviewed 1,100 Business Leaders??
ariella,

That's one of the most common errors in thinking about and trying to use survey data. Increasing the sample size does not improve accuracy; in fact, if your process of recruiting and identifying respondents isn't controlled to produce a representative sample, increasing the sample size often makes matters worse  (a poorly publicized survey selects the very small number of people who heard about it, which may be a much more random selection than a well-publicized survey that attracts and incentivizes large numbers of people with axes to grind). 

Furthermore, agonchair is right again that survey presentations with quotes have to be regarded as suspicious and more likely bogus than not; a very large number, probably a majority, of decision makers behave as if one quote outweighs a thousand data points, and the whole reason for putting the quotes in is to facilitate ignoring the data. (It's the verbal equivalent of letting the graphic designer redraw the graphs to make them prettier).

 

 

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clrmoney
clrmoney
7/27/2016 10:53:22 AM
User Rank
Platinum
Vodafone IOT
Vodafone checks the adopters for the IOT=Internet of Things I guess to make sure everything goes well. It is going well with ther performance so maybe things can continue to go smoothly.

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