MAY 7, 2012 5:20pm ET

Related Links

Health Information Exchange Requires Nationwide Patient Data Matching Strategy
August 14, 2014
Analytics CEO Schools Payers at AHIP
June 16, 2014
Making Sound Business Decisions
June 11, 2014

Web Seminars

Why Data Virtualization Can Save the Data Warehouse
September 17, 2014
Essential Guide to Using Data Virtualization for Big Data Analytics
September 24, 2014

Fail Faster Flaws


There are many who advocate that the key to success, especially with innovation, is what’s known as the “fail faster” philosophy, which says that not only should we embrace new ideas and try new things without being overly concerned with failure, but, more importantly, we should effectively fail as efficiently as possible in order to expedite learning valuable lessons from our failure.

Get access to this article and thousands more...

All Information Management articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to:

  • Full access to information-management.com including all searchable archived content
  • Exclusive E-Newsletters delivering the latest headlines to your inbox
  • Access to White Papers, Web Seminars, and Blog Discussions
  • Discounts to upcoming conferences & events
  • Uninterrupted access to all sponsored content, and MORE!

Already Registered?


Comments (3)
Love your post and it is truly relevant.

In fairness to Tom Peters, there is more to the philosophy. It's more about overcoming inertia, another topic in itself:

Fail Forward Fast

It is far better to have sloppy success than to have perfect procrastination. It is easy to get caught up in the endless tinkering and perfecting of a project. It is true some things require perfection - most simply need excellence. All need action today!

Do you find yourself waiting to launch important projects? Are you forever splitting hairs about elements that are not mission critical. Do you spend hours and hours on details that don't matter much?

Start your Monday with action! In taking action you may fail - but even that failure will move you forward toward ultimate success. Pick a project you have been putting off and begin today to take the action which will accelerate your path to achievement.

~ Tom Peters

Posted by Mel H | Thursday, May 10 2012 at 10:36AM ET
Good post Jim,

I became enamored with the fail fast philosophy a few years ago after talking to Oliver Ratzesberger at e-bay. http://www.information-management.com/specialreports/2008_94/10001877-1.html

He was speaking with an analytic discovery bent of course, not the ongoing discipline of something like data governance or DQ, and at the velocity at which eBay moves, there's limited desire for static views. His quote was, "The metrics you know are cheap. The metrics you don't know are expensive but also high in potential ROI."

That doesn't apply to everyone of course, the other version of fail fast I hear comes from managers saddled by the detritus of projects stalled without enough momentum to keep driving them amid moving business priorities. That might fall more under the category of "cut as you add" but in either case, it's about resource limitations and seeing a material benefit (or moving on). You want to hedge your time to where value arises and not feel like you're doing last year's homework.

Posted by Jim E | Friday, May 11 2012 at 12:24PM ET
Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Login  |  My Account  |  White Papers  |  Web Seminars  |  Events |  Newsletters |  eBooks
Please note you must now log in with your email address and password.