Posts Tagged "business"
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Ebola: Can big data or semantic text help?
“Many problems” in this case Yes it can. We’ll get to to how big data or semantic meaning can help in a moment. First a few observations. As the Prof. Redlener, the NYT’s expert on disaster preparedness put it, “There are many, many problems that have been revealed by this single case.” This is a polite way for saying what at the Dallas hospital was a major screw-up that needlessly put lives in danger and unnecessarily forced additional people into a 21-day quarantine. We can talk about using semantic text technologies to prevent these kinds of hospital errors, or big data to improve traveler screening processes. At the end of the day, however, this is a type of error that the billing department at the Dallas hospital should have been able to catch. EbolaCare(TM) insurance “Where do we send this bill?” “Hmmm, address in Liberia. Looks like he has EbolaCare(TM), the national health plan of Liberia.”… Read the restError bands, or why models will be models (of the mathematical variety)
In response to our article on the Social Progress Index (SPI) and prediction markets, the Social Progress Index folks asked why we didn’t just stop at optimizing the SPI. Two reasons, we said: (1) There’s an unfortunate tendency of people to believe (math) models are reality. They’re just models with error bands. (2) There’s going to be politically-motivated suspicion of any model (as well as political-motivated attempts to manipulate models and their interpretation). [For our readers coming over from our fashion design section, or our earlier article on virtual reality fashion models and modeling, we are talking about mathematical models here.] So how do models go bad? Let’s use the Social Progress Index as an example. We talked elsewhere about the tension between things like freedom of press and national security in a model like this. (In general, such tension will exist in an useful economic or financial model. If the tension did not exist, there would be nothing interesting to optimize, and so need for such a model in the first place.)… Read the restopen semantic meaning platforms: alternatives to IBM Watson?
We’ve been a fan of IBM’s Watson semantic meaning analytics system since IBM first announced they were opening up their ecosystem. Around the time of CES we pointed out that the explosion of data from Internet of Things devices meant semantic processing made more sense than just writing more specialized apps. [Update June 2015: Check out our more recent post on Watson, which includes a selection of Ted Talks on Watson. This also talks about Watson’ use of distance matrices in statistical inference, and how this relates to our CEO’s own peer-reviewed academic research in that area. These internal metrics, whether automatically selected or manually defined, are likely to impact all similar systems. It would seem to be key technical factor in the cost and success of any new semantic data implementation.] There’s one small problem with developing IBM Watson cloud apps currently: access to the platform is currently still limited to a few partner companies, and IBM has not yet publicly announced pricing.… Read the restUsing analytics to validate startup ideas for products?
Today we look at using predictive analytics to validate startup ideas. This is part of our continuing Ask Acculation series; scroll down to find out how to get your analytics or start-up questions answered here. A version of this post was originally published elsewhere. “How do I validate my B2B idea? I have considered joining an accelerator, building a website prototype, or asking entrepreneur friends, but are there other ways? This is essentially one of the main goals of predictive analytics (what we do) when applied to business data: be able to evaluate your idea using fast, inexpensive tests, than transform that data to how the market might behave under “real” conditions. First off, the premise of the question is intriguing. We’ve seen social media memes that have gone viral “there is no B2B or B2C. There are only people” superimposed over some sort of feel-good graphic. And the memes have their staunch defends.… Read the restRecent Posts
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