ENTRIES TAGGED "prediction"

The vanishing cost of guessing

As society becomes increasingly data driven, it's critical to remember big data isn't a magical tool for predicting the future.

If you eat ice cream, you’re more likely to drown. That’s not true, of course. It’s just that both ice cream and swimming happen in the summer. The two are correlated — and ice cream consumption is a good predictor of drowning fatalities — but ice cream hardly causes drowning. These kinds of correlations are all around us, and big data…
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We're in the midst of a restructuring of the publishing universe (don't panic)

We're in the midst of a restructuring of the publishing universe (don't panic)

Hugh McGuire says the disruption publishing has endured is a mere hint of what's to come.

Hugh McGuire, co-author of "Book: A Futurist's Manifesto," explains why publishing's digital transformation goes way beyond format shifts. He also reveals nine ways the publishing industry will change over the next five years.

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Strata Week: Will data make stock exchanges unnecessary?

Strata Week: Will data make stock exchanges unnecessary?

Data could disrupt the stock world, how stolen data is sold, and geography data's predictive power

Will big data kill the stock exchange? That question was recently explored by Andy Kessler. Plus: How recent security breaches could shape the black market and a look at how "island biogeography" predicted Osama Bin Laden's location.

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