Tag: Big Data Analytics

Dirk Mahnkopf 0
Nationaler IT-Gipfel: Big Politics, Big Decisions, Big Data – unser Standpunkt

Schritt für Schritt: Big Data wandert langsam in den Zeitungen nach vorne. Gestartet ist das Thema im Wirtschaftsteil und kommt jetzt über den naturgemäß technikkritischen Feuilleton im Politikteil an. Investitionsmittel stehen bereit Die Europäische Union will den Aufbau der datengesteuerten Wirtschaft vorantreiben: 2,5 Mrd. Euro stehen bereit für die Investition

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German
Jim Harris 0
As the butter churns in Bangladesh

“Correlation does not imply causation” is a saying commonly heard in science and statistics emphasizing that a correlation between two variables does not necessarily imply that one variable causes the other. One example of this is the relationship between rain and umbrellas. People buy more umbrellas when it rains. This

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Jim Harris 0
Errors, lies, and big data

My previous post pondered the term disestimation, coined by Charles Seife in his book Proofiness: How You’re Being Fooled by the Numbers to warn us about understating or ignoring the uncertainties surrounding a number, mistaking it for a fact instead of the error-prone estimate that it really is. Sometimes this fact appears to

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