M2M PREDICTION ECONOMICS IN 3 INDUSTRIES
"What is the economic value of correct prediction in the M2M Big Data world ?"
- How can we monetize on device predictions ?
- Is the effort taken disproportionately large compared to benefits unclocked in predicting outcome ?
- Is the cost of incrementing additional sensors points to collect data worth the returns ?
http://blog.fluturasolutions.com/2013/07/m2m-prediction-economics-i...
Comment
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Comment by Chris on July 29, 2013 at 6:47am
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Derick, do you have a profile in linkedin? Daniel Tunkelang has interesting links on economics& prediction
Leif Azzopardi: Economics in Interactive Information Retrieval http://lnkd.in/tAeiT8
-detection from general mode to switching behaviors and prediction http://mathcs.emory.edu/~dsavenk/publications/pers_switch_pred_2013...
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Hello Derick,
Thanks for your patience even I pointed to a different direction than your focus!!! My apologies. I have to thank you for displaying 3 possibilities in machine interpretation and information integration. Will keep your topic in mind! Best, Chris
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Comment by derick.jose on July 28, 2013 at 3:35am
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Thanks Chris... Great read !!!
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Derick Jose, hi! bog down to one pragmatic point: physical capability of data smart grid. Oracle realizes it is time to think of investment on data, like in the health industry http://www.forbes.com/sites/oracle/2013/07/24/smart-grid-is-on-the-...
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