Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
    data analytics and gold trading
    Data Analytics and the New Era of Gold Trading
    9 Min Read
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: The Humbling Effect of Big Data
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > The Humbling Effect of Big Data
AnalyticsBig Data

The Humbling Effect of Big Data

MIKE20
MIKE20
4 Min Read
SHARE

Many of us walk around with the knowledge that we generally understand how the world works. When people ask us for our professional opinions, we’re often more than happy to oblige. Some of us are even flattered when someone wants to know what we should do when faced with uncertainty.

Contents
  • Simple vs. Complex Systems
  • Simon Says
  • Feedback

Many of us walk around with the knowledge that we generally understand how the world works. When people ask us for our professional opinions, we’re often more than happy to oblige. Some of us are even flattered when someone wants to know what we should do when faced with uncertainty.

But do we know as much as we think we do? I have my doubts, especially after finishing Everything Is Obvious: How Common Sense Fails Us by Duncan J. Watts. It’s a thought-provoking book because it challenges readers to ask themselves, “What do we really know?” The answer, unfortunately, is not as much as we think.

Simple vs. Complex Systems

As Watts points out, part of the problem stems from the distinction between simple and complex systems. Let’s take a simple situation: the game of blackjack. I’ve been known to play a few hands, and only a fool would hit on 18 with the dealer showing a six. It’s just bad strategy. In such a simple environment, the best decision is clear.

More Read

What the Consumer Really Thinks of Data Privacy [INFOGRAPHIC]
How Big Data is Creating the Future of Science Fiction
Every Business Needs an Analytics-Driven Content Marketing Strategy
Case Study: Social Media Action and Response at StubHub
Datawatch Acquires Panopticon for Big Data Discovery and Visualization Across Business Processes

The problem with simple systems is that they aren’t terribly representative. In complex systems like, say, the economy, myriad forces are at play, the vast majority of which are not under the control of any one person, group, department, or organization. Even the US government could not completely solve the financial crisis with a $900 billion stimulus. Bottom line: there’s only so much that any of us can do in a complex system.

And, as I turned the final pages on what is easily the best book I’ve read this year, I started to think about that big question in the context of Big Data. If we truly embrace Big Data, then we will have to question many long-held assumptions about how many things work: our jobs, our departments, our industries, and our environments. Looking at data with open eyes means that we may not like what we see, nor what that data will tell us. And that makes many of us uncomfortable. How many of us want to constantly question what we think we know?

Simon Says

To me, Big Data is not all about technology. Far from it. I’d argue that there’s a human element in all new technologies, and Big Data is no exception to this rule. There’s an organizational readiness component to it, as well as a personal one. Will people and organizations unaccustomed to consulting the data suddenly change their behavior? Will they be open-minded? Or will they act as if they know how things have worked, work now, and will work in the future.

It’s a big question. Big Data may prove that you don’t know as much as we think you do. What will you do then?

Feedback

What say you?

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

street address database
Why Data-Driven Companies Rely on Accurate Street Address Databases
Big Data Exclusive
predictive analytics risk management
How Predictive Analytics Is Redefining Risk Management Across Industries
Analytics Exclusive Predictive Analytics
data analytics and gold trading
Data Analytics and the New Era of Gold Trading
Analytics Big Data Exclusive
student learning AI
Advanced Degrees Still Matter in an AI-Driven Job Market
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Image
Big Data

The Gaming Industry Turns to Big Data to Improve the Gaming Experience

6 Min Read

Your customers’ pockets – Thoughts for those who sell things…

6 Min Read

Ben Goertzel’s Report on AGI-09: The Second Conference on…

1 Min Read

Driving customer loyalty in a disaggregated industry

4 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?