This paper seeks to examine some of the underlying tensions that shape how and why ethnographers in industry often find their efforts devalued or not realized by stakeholders – i.e. “moments of disjuncture.” I argue that in many large corporations there is a separation between the stories anthropologists tell about themselves and those which are told about them, which mutually constitute an “informed fiction.” This fiction acts as a catalyst within a broader cycle of knowledge exchange (the industrial research complex) that demands a fast paced churning out of “newness” in insights before they grow old. These two processes often come to a head, creating a “seen it before” phenomena which risks devaluing timely and important work. To understand this I examine a case study of smart and automated technologies and offer potential solutions.