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CAF Insight
The Data Science behind Failure : the Dynamics of Failure found in Big Data
Author
Hyejeong Ahn
Date
2022-02-24 15:53:14
Is failure truly the mother of success? We often hear famous quotes about how ‘failure is a key part of the process toward success,’ but beyond personal anecdotes, evidence or scientific research that objectively describe the relationship between failure and success are surprisingly scarce. This report presents studies that aimed to scientifically analyze the dynamics of failure and success with big data obtained from examples in academia, entrepreneurship, and even attempts of terrorism. By delving into two studies published by Professor Dashun Wang’s research team at the Northwestern University Center for Science of Science & Innovation (CSSI), we examined how the dynamics of failure according to big data resemble or deviate from conventional wisdom.
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