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All Blog Posts Tagged 'Economics' (8)

How History Can Prepare Us for Upcoming AI Revolution or, What is the AI Equivalent to the ¼” Bolt?

Many predict, and warn, that the Artificial Intelligence (AI) Revolution will change the world – and possibly the very essence of mankind.  But society-changing revolutions are not new.  History is full of such revolutions.  What can we learn from those previous revolutions that might provide an indication as to how this AI revolution might play out?

We will examine two other revolutions – the Industrial Revolution and the Information Revolution…

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Added by Bill Schmarzo on June 26, 2018 at 3:30pm — 2 Comments

How State Governments Can Protect and Win with Big Data, AI and Privacy

I was recently asked to conduct a 2-hour workshop for the State of California Senior Legislators on the topic of “Big Data, Artificial Intelligence and Privacy.” Honored by the privilege of offering my perspective on these critical topics, I shared with my home-state legislators how significant opportunities await the state. I reviewed the once-in-a-generation opportunities awaiting the great State of California (“the State”), where decision makers could vastly…

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Added by Bill Schmarzo on February 13, 2018 at 5:30am — No Comments

Predict - Prescribe - Prevent: Analytics Value Cycle

Organizations looking for justification to move beyond legacy reporting should review this little ditty from the healthcare industry:

The Institute of Medicine (IOM) estimates that the United States loses $750 billion annually to medical fraud, inefficiencies, and other siphons in the healthcare system…

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Added by Bill Schmarzo on January 26, 2018 at 1:30pm — No Comments

Big Data Isn’t a Thing; Big Data is a State of Mind

“Big Data is dead.” “Big Data is passé.”

“We no longer need Big Data; we need Machine Learning now.”

As we end 2017 and look forward to big (data) things in 2018, the most important lessons of 2017 – in fact, maybe the most important lesson going forward – is that Big Data is NOT a thing. Big Data isn’t about the volume, variety or velocity of data any more than car…

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Added by Bill Schmarzo on January 20, 2018 at 5:30am — No Comments

Lessons in Becoming an Effective Data Scientist

I was recently a guest lecturer at the University of California Berkeley Extension in San Francisco. On a lovely Saturday afternoon, the classroom was crowded with students of all ages learning the tools of the modern economy. The craftspeople of the “Analytics Revolution” were busy learning new skills and tools that will prepare them for this Brave New World of analytics. I was blown away by their dedication!

As we teach the next generation, it’s important…

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Added by Bill Schmarzo on January 19, 2018 at 5:00am — 4 Comments

Avoiding the IOT ‘Twister’ Business Strategy

Most organizations’ IOT Strategy look like a game of ‘Twister’ with progress across important IOT capabilities such as architecture, technology, data, analytics and governance; variables comprising a series of random investments and decisions.…

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Added by Bill Schmarzo on January 13, 2018 at 5:00am — No Comments

Understanding Behavioral Economics to Change Behaviors with Big Data

My good friend Vinnie participates in an automobile insurance program that rewards him for good driving behaviors; the better driving behaviors he exhibits, the more money he saves on insurance. You stick a device into the vehicle’s diagnostic port (usually under the steering wheel in most vehicles manufactured after 1996), and the automobile insurance company tracks your driving behaviors and offers you automobile insurance discounts based upon the quality of your…

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Added by Bill Schmarzo on December 20, 2017 at 3:30am — 6 Comments

Introducing the Linked Data Business Cube

Tassilo Pellegrini from Semantic Web Company has published a new report which outlines business models for Linked Data including a case study of the publishing house and information service provider Wolters Kluwer:

"With the increasing availability of semantic data on…

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Added by Andreas Blumauer on December 1, 2014 at 11:30pm — No Comments

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