The question paramount to investors once they understand the exponential growth and importance of Big Data: who wins?
First- Humanity Wins.
From helping make more of efficient use of natural resources, to easing the burden on healthcare resources, to, in the end, robotics and A/I which will satisfy humanity's every whim, creating a virtual utopia, before finally morphing into a sentient destructive computer-overlord.
Until then, what horses should you back in the stock market so that you're a multi-millionaire when Skynet launches the nukes. (on the off-hand chance you get to take it with you.)
To answer this I wish to make two distinctions between oft used analogy "Data is New Oil" 1. While oil has a fixed supply, data is being generated at an ever increasing rate. 2. While p…
You are a citizen of Evil Land, blessed with a leader described as
"intrepid and heroic" ... at least by your history books and national media.
Dr. Evil's government borrows a Billion dollars from his beleaguered citizens and a few idiot foreign donors, to weaponize sharks with frickin laser beams on their heads, and to fund a huge "coke and whore" party for his generals; only one of which works according to plan.
When his plan to hold the world hostage is thwarted by Austin Powers, his treasury is in the red. What's his solution? As a leader who cares deeply about his citizens Like any good dictator he simply instructs the Federal Bank to rev-up the printing presses, and he churns a billion Evil Dollars, "making good" on his debt by sending the engraved paper to his debtors.
Of course, when you can simply print currency, and people freely start spending it- prices go soaring. To give you a simplistic example, let's say your country is an isl…
Will data science increase operational efficiencies and create new savings, less waste, and thus greater wealth for humanity? What secrets can pouring over your data give to an organization, be they nefarious, marketers, or perhaps trying save your life? What is Big Data? In our everyday lives we take in and evaluate data almost unconsciously, whether it’s noting someone is consistently late and adjusting our expectations of them, to noting traffic trends and tailoring our schedule accordingly. “Big Data” refers to vast amounts of data recorded digitally and analyzed using vast and previously unavailable computational power to uncover trends and patterns. It is already being used in medical diagnostics, to keep physical machines running smoothly, and even to understand you as an individual. Examples of Big Data in Use For each example I have put the data being used in italics. Video- How Big data is Revolutionizing Medicine Medicine- After feeding a computer millions of breast tissue cell…