A statistician will tell you that all models are wrong, but some are useful.
Particle physicists have an enormously successful model called the Standard Model, which describes the world in terms of seventeen quantum fields, giving rise to particles from the familiar electron to the challenging-to-measure Higgs boson. The model has nineteen parameters, numbers that aren’t predicted by the model itself but must be found by doing experiments and finding the best statistical fit. With those numbers as input, the model is extremely accurate, aside from the occasional weird discrepancy.
Cosmologists have their own very successful standard model that they use to model the universe as a whole. Called ΛCDM, it describes the universe in terms of three things: dark energy, denoted with a capital lambda (Λ), cold dark matter (CDM), and ordinary matter, all interacting with each other via gravity. The model has six parameters, which must be found by observing the universe and finding the best statistical fit. When those numbers are input, the model is extremely accurate, though there have recently been some high-profile discrepancies.
These sound pretty similar. You model the world as a list of things, fix your parameters based on nature, and make predictions. Wikipedia has a nice graphic depicting the quantum fields of the Standard Model, and you could imagine a similar graphic for ΛCDM.
A graphic like that would be misleading, though.
ΛCDM doesn’t just propose a list of fields and let them interact freely. Instead, it tries to model the universe as a whole, which means it carries assumptions about how matter and energy are distributed, and how space-time is shaped. Some of this is controlled by its parameters, and by tweaking them one can model a universe that varies in different ways. But other assumptions are baked in. If the universe had a very different shape, caused by a very different distribution of matter and energy, then we would need a very different model to represent it. We couldn’t use ΛCDM.
The Standard Model isn’t like that. If you collide two protons together, you need a model of how quarks are distributed inside protons. But that model isn’t the Standard Model, it’s a separate model used for that particular type of experiment. The Standard Model is supposed to be the big picture, the stuff that exists and affects every experiment you can do.
That means the Standard Model is supported in a way that ΛCDM isn’t. The Standard Model describes many different experiments, and is supported by almost all of them. When an experiment disagrees, it has specific implications for part of the model only. For example, neutrinos have mass, which was not predicted in the Standard Model, but it proved easy for people to modify the model to fit. We know the Standard Model is not the full picture, but we also know that any deviations from it must be very small. Large deviations would contradict other experiments, or more basic principles like probabilities needing to be smaller than one.
In contrast, ΛCDM is really just supported by one experiment. We have one universe to observe. We can gather a lot of data, measuring it from its early history to the recent past. But we can’t run it over and over again under different conditions, and our many measurements are all measuring different aspects of the same thing. That’s why unlike in the Standard Model, we can’t separate out assumptions about the shape of the universe from assumptions about what it contains. Dark energy and dark matter are on the same footing as distribution of fluctuations and homogeneity and all those shape-related words, part of one model that gets fit together as a whole.
And so while both the Standard Model and ΛCDM are successful, that success means something different. It’s hard to imagine that we find new evidence and discover that electrons don’t exist, or quarks don’t exist. But we may well find out that dark energy doesn’t exist, or that the universe has a radically different shape. The statistical success of ΛCDM is impressive, and it means any alternative has a high bar to clear. But it doesn’t have to mean rethinking everything the way an alternative to the Standard Model would.