Click HereSmart Technology BIG-DATA Digitized Society
Nothing is forgotten, or ignored- Once the mathematical models, are set up,
We are at the beginning of a new age...
Welcome to Industry 4.0, the new age where smart technology and smart appliances are moving us closer to a fully digitized society...
The technology powering Industry 4.0 will continue to grow, and so will the potential of the blockchain.
WHAT IS BIG-DATA?
will IT(information technology)“replace ideas, or organizations and ways of thinking?
Machine learning is helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations to the shop floor level. Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable.
The Human Factor: it’s worth thinking about what, BIG-DATA might not be able to do?
The premise that data
like Web-browsing trails, sensor signals, GPS tracking, and social network messages will open the door to measuring and monitoring people, and machines, as never before.”
Computer algorithms, using that data, will enable us to “predict the behavior of all kinds:
Shopping, Dating, we see this at work, as the internet already tracks every search, we make, on our computers...
And those are the more detectable signs of how we are being tracked!
We can’t escape innumerable hints, and suggestions of what else we might want to buy;
Nothing is forgotten, or ignored- Once the mathematical models, are set up... The models crunch data quickly and efficiently! BIG-DATA:
is based on mathematical models and the models are made by human intelligence, being devised by humans, they themselves are not only fallible but also vulnerable to misuse...
IT(information technology)“is devised by humans, they themselves are not only fallible but also vulnerable to misuse”
A pair of Walmart patent applications discuss encrypting payment information using a blockchain.
Via Lionel Gikonyo, massimo facchinetti
The twin applications are the latest intellectual property play from Walmart. As CoinDesk previously reported, the company is seeking a patent for a "smart package" that would use blockchain as a way to encode information.
What are we inadvertently revealing about ourselves? And who will use that information to manipulate and control us? It is happening now, of course, hence it will only get worse. And how will we know?
A danger of another kind is the lack of sophistication and accuracy in the models used. Good programs require math and computer skills with also an ability to be innovative and thoughtful.
the U.S. would need 140,000 to 190,000 more workers with “deep analytic expertise.” but “We can’t grow the skills fast enough”...
WHAT IS BIG-DATA? Does Big Data make people over-confident or smug?
If so, that’s just the kind of problem that Big Data can’t solve?
Professor Brynjolfsson, Director of M.I.T.’s Center for Digital Business at a recent conference... At M.I.T.’s recent conference, Lohr reported that a panel asked about big failures in Big Data and they, could come up with no examples...
Later, however, someone in the audience commented that Big Data failed to foretell the credit crisis and financial crash of 2008. Oh!
What "Big Data" Can't-Do
The Human Factor and Hidden Motives?
Posted Jan 09, 2013 - Ken Eisold Ph.D.
https://www.psychologytoday.com/us/blog/hidden-motives/201301/what-big-data-cant-do
It is not just computer and math skills that are needed. Lohr notes: “Listening to the data is important, and so is experience and intuition.
After all, what is intuition at its best with large amounts of data of all kinds filtered through a human brain rather than a math model?”
To be clear, that includes the unconscious information to which we are inattentive because it sometimes seems irrelevant, sometimes unfashionable and sometimes unwanted...
The point is that it is often precisely that information — unsought, unexpected, perhaps even difficult to accept or grasp – that reveals what we most often need to know.
Could it be that the specter of its potential leads its adherents to neglect or downplay the human factor? (YES!, “Sure, Big Data Is Great. But So Is Intuition.”)
Intuition is the ability to acquire knowledge without proof, evidence, or conscious reasoning, or without understanding how the knowledge was acquired- Wikipedia, "Intuition" 2018 April 15.
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