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Régis Barondeau

Schumpeter: The wiki way | The Economist - 2 views

www.economist.com/...displayStory.cfm

wikiway economist trends

shared by Régis Barondeau on 24 Sep 10 - No Cached
  • Régis Barondeau on 24 Sep 10
     
    The wiki way Two cyber-gurus take a second look at how the internet is changing the world
Régis Barondeau

Schumpeter: Building with big data | The Economist - 0 views

www.economist.com/...18741392

data datamining economist revolution

shared by Régis Barondeau on 31 May 11 - No Cached
  • Companies that can harness big data will trample data-incompetents. Data equity, to coin a phrase, will become as important as brand equity.
  • big data could save the American health-care system $300 billion a year and the European public sector €250 billion
  • The data revolution is clearly handing power to the little people as well as the big ones.
  • ...4 more annotations...
  • Big data has the same problems as small data, but bigger. Data-heads frequently allow the beauty of their mathematical models to obscure the unreliability of the numbers they feed into them.
  • They can also miss the big picture in their pursuit of ever more granular data.
  • if firms can preserve a little scepticism, they can surely squeeze important insights from the ever-growing store of data
  • Today’s big data will provide the raw material for further revolutions.
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