If we have simply taken the big software, hardware, and social media companies who dominate our lives for granted, the reactions from the business world to Life after Google: The Fall of Big Data and the Rise of the Blockchain Economy should give us a lot to think about.
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Algorithmic strategies can only be as good as the information that goes into them. Ignoring how the information is created causes us to misunderstand the dynamics of value creation. Algorithms can leverage information, they can’t create it.
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Why do we constantly hear that driverless, autonomous vehicles will soon be sharing the road with us? Wolmar blames “gullible journalists who fail to look beyond the extravagant claims of the press releases pouring out of tech companies and auto manufacturers, hailing the imminence of major developments that never seem to materialise.”
Read More ›From James Zou and Londa Ziebinger at Nature: When Google Translate converts news articles written in Spanish into English, phrases referring to women often become ‘he said’ or ‘he wrote’. Software designed to warn people using Nikon cameras when the person they are photographing seems to be blinking tends to interpret Asians as always blinking. Word embedding, a popular algorithm used to process and analyse large amounts of natural-language data, characterizes European American names as pleasant and African American ones as unpleasant. Now where, we wonder, would a mathematical formula have learned that? Maybe it was listening to the wrong instructions back when it was just a tiny bit? Seriously, machine learning, we are told, depends on absorbing datasets of Read More ›