There is an article of faith in Silicon Valley: Experiment often, fail fast.
The best Data teams think of their solutions as products and allow themselves to fail fast until they get it.
Fail fast: As overall startup costs decline and markets move much more quickly, it has become easier to test ideas without devastating consequences of failure.
This type of ecosystem behaviour is increasingly characterised as fail fast fail cheap, a Darwinian process where projects fail in order that management can refine products and objectives.
The key to daring new things is an evaluation process that lets you learn quickly and either fail fast or keep improving, minimizing the resources at risk and maximizing opportunities for learning.
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Naveen Jain, CEO of information-technology company Inome, says his own missteps as an entrepreneur led him to urge his 400 employees to "fail fast" if they can, moving on quickly from projects that don't take off.
In situations like this the current fad is to fall back on a fail-fast, fail-early culture.
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But by investing in the Fast Fail quadrant at the same time, your teams will learn how to quickly test ideas and develop the entrepreneurial mindset that you need to keep your teams from ruining good with perfect.
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Routers sort bits fast, but they regularly fail and need backups.
It's fast too -- not only did the UI fail to stutter at our hasty swipes and screen jumps, but halted games resumed almost instantaneously.
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Push the fast trading and high leverage to hedge funds which fail at a rather regular rate with little or not impact on the wider economy.
Lloyds has today joined Royal Bank of Scotland in warning that it expects to fail to meet targets for profits growth over the next three years saying that the British economy is not recovering as fast as it had hoped.
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