Group items tagged

"Admiral Insurance will analyse the Facebook accounts of first-time car owners to look for personality traits that are linked to safe driving. For example, individuals who are identified as conscientious and well-organised will score well. Facebook forces Admiral to pull plan to price car insurance based on posts Read more The insurer will examine posts and likes by the Facebook user, although not photos, looking for habits that research shows are linked to these traits. These include writing in short concrete sentences, using lists, and arranging to meet friends at a set time and place, rather than just "tonight"."

"Facebook is considering incorporating most of its 1 billion-plus members' profile photos into its growing facial recognition database, expanding the scope of the social network's controversial technology. The possible move, which Facebook revealed in an update to its data use policy on Thursday, is intended to improve the performance of its "tag suggest" feature. The feature uses facial recognition technology to speed up the process of labelling or "tagging" friends and acquaintances who appear in photos posted on the network"

Do we think that public is the new social norm, and anonymity is dead?

"Graduated top of your class in Ghana and managed to land a place on an MBA at Oxford? Then you're heading for a salary high enough to make repaying your student loan a cinch - especially if half your Facebook followers are from McKinsey. At least, this is the kind of calculation being made by private funders stepping into the increasingly complex and competitive student loans market."

"The other day I noticed that the little green light next to the camera built into my computer screen was on. It's perfectly possible that I had recently used some app that required the camera, and forgotten about it; but I couldn't find a way to turn it off. It's unlikely anyone was really watching me pretend to work, but my computer definitely was."

"Going from small data analytics to Big Data analytics or to predictive and prescriptive analytics is trickier. Expanding in both dimensions is human capital intensive, requiring talented data scientists. A McKinsey report (2011) estimates that by 2018, there will be a shortage of 140,000 to 190,000 workers with "deep analytical" experience and a further 1.5 million data-literate managers in the US. Technology giants such as Google, Facebook and Amazon, and large investment banks and top hedge funds can afford such employees, however even now the competition is fierce, as is evidenced by the ongoing talent war in Silicon Valley. The data scientist is indeed a sexy job in the 21st century."