I voted; "Quite a bit, because it shows the technology's fallible"
- I'd say my answer is two-part; one that it shows the technology's fallible. But not all of the analytics software; just the software that Nate Silver utilized.
True. You certainly have a 50-50 chance of correctly predicting the Superbowl winner now! I used to do it based on team colors, depending on which colors I preferred. More often than not, the team with the prettier uniform won! (Hey, it's just as good a metric as any other for those of us who aren't particularly fond of football--unless it's the Buffalo Bills.)
One of the things that Nassim Nicholas Taleb stresses in his books is that he does not make predictions and doesn't trust anyone who does.
@Ariella, very good point. We should neither predict nor believe in predictions. Sometimes some predictions might come true because the probability of winning or loosing is 50-50% but its always very hard to predict each and every event correctly.
This clearly shows that technology can also go wrong sometimes. Analytics is very tricky thing, we have so much of data being generated, its hard to process all of it without introducing any errors. That is the reason I chose the option "Quite a bit, because it shows the technology's fallible"
Something else for my reading list! I was less impressed with Silvers' Obama prediction than some people, figuring that the president would get re-elected based on a lot of factors. His state-by-state analysis was insightful, but maybe I'm not that easy to impress?! Either way, I find analytics fascinating, useful, and very informative. But I still don't think you can take the human factor out of a game. When you have people playing a competitive sport, when one team is hungrier than another there is no way analytics can crunch that into the equation. And that's why I enjoy watching some sports (football not so much though!).
I was really tempted to go with "Superbowl.. what's that?" But even I know what that is even though I really can't figure football out even after having watched a good part of a game (just one, yes, that was enough). Anyway as for predictions, you can go with probability and be right most of the time, but you cannot be right all the time because sometimes the long shot does come in. One of the things that Nassim Nicholas Taleb stresses in his books is that he does not make predictions and doesn't trust anyone who does. In his Antifragile one he describes getting very upset about people listening to predictions from so-called experts. He wants to shout at them to check if all the predictions they have made in the past came to be.
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Social media has been with us for a decade -- but employer policies and the law are anything but firm about the most appropriate usage of this powerful tool.
Businesses often struggle to decide which domain to use. When it comes to purchasing a domain name, you have plenty of extensions to choose from, ranging from .com and .net, to .me, and even .mobi. But which one should you pick?
I've been writing about how the next evolution of the Internet might just be an advertising revolution, and how corporate IT can stay involved as the enablers and providers of the technologies that make this possible.
In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M.
New York's Metropolitan Transit Authority is conducting a pilot test of digital kiosks to guide subway users to where they want to go more efficiently and at lower cost.
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
While NFC's original goal was to enhance mobile commerce applications, it is finding its way into a number of other uses, which is creating both opportunity as well as challenges for IT departments.
Enterprises would like to move to cloud computing but are hesitant because they are concerned about providers’ ability to secure company data. Here are some tips that help to ensure that if breaches occur, the business is not left holding the bag.
Edmunds separates customers into segments based on the info it collects on its site and from partners, and uses that to push out custom content, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The automotive website uses propensity modeling to target ads and customer registration forms, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
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M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE
M2M: Rise of the Machines? Not Yet David Weldon In the 1970 science fiction thriller Colossus: The Forbin Project, two giant supercomputers from the United States and Soviet Union secretly join forces to take control of the collective nuclear might of the two countries. In the film, the two machines discover each other's existence, communicate back-and-forth, share their collective data, and cut their human creators out of the process. It is the ultimate example of machine-to-machine communications, or M2M. CLICK FOR MORE