by Ted Cuzzillo
It’s hard to see through the smoke as our financial house burns down, I know. But what I’ve noticed is more interesting: the first signs of rebuilding.
This month, three experts I read—visual analytics expert Stephen Few, Competing on Analytics author Tom Davenport and digital-media economy specialist Umair Haque—all seem to have knit recent blog posts with the same thread: honest value in business and the economy.
by Ted Cuzzillo
“Black swans” are the anti-gravity of predictive analytics. These events are so far off the charts that we dismiss the possibility out of hand. But when one occurs, it’s a doozy.
The Panic of ’08 may lead us straight into one of these, says Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness among other works. He and his mentor, mathematician Benoit Mandelbrot, told NewsHour’s Paul Solman last week that what’s coming might make the Great Depression and the Long Depression of the 1870s seem small.
But before you lose sleep, mind this caveat: Taleb himself calls predictions “bullshit.”… Read the rest “Off the charts: “black swan” ahead?”
by Ted Cuzzillo
In the 32 days since the end of TDWI’s San Diego conference, one phrase has come to my mind repeatedly: “The soft stuff is always the important stuff,” uttered by Wayne Eckerson, director of TDWI Research. He was summing up a panel discussion, but the insight applies so broadly he could have used it for most other panels, too.