Who Creates Data
versus Where You Locate It
As you focus on where the raw data you need might be located
and accessed, always keep in mind that the place you get data is not necessarily
the ultimate source of that data. This distinction is too often overlooked yet
can be a critical. This means that you may be able to access the data you want
without having to contact the data's original source. It also means that you
must ensure that you know whether a source of data actually produces the data or
merely transmits it. Confusing the data producer with the data provider can have
important, sometimes dangerous, consequences. For example, cross-checking past
estimates made by a trade publication that prints market predictions with the
industry's actual performance might show that this publication is often
incorrect in its predictions. If you find that such information in a particular
trade publication is consistently wrong, you may decide you cannot rely on it
for accurate information about your competitors' plans.