Data is overvalued in business, especially amongst the educated.
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Depends on the size of your company i think. The bigger you are the more valuable it is for you.
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Wow i've never seen a non-statistician referring to the law of large numbers in the correct context :) There's a hype, also most companies just don't know how to use data properly. The expert/charlatan ratio is much worse among data scientists than say engineers my experience.
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I once had a Princeton PhD economist run regressions on our data (we have a lot) to determine what factors were important in e-commerce sales. Total waste of time (outside of learning that data didn't work like school said it would).
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