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mhhfive
mhhfive
3/6/2018 | 5:21:26 PM
Re: Disrupting From Within
Hopefully statisticians are good enough to deal with the "Bill Gates" effect.. The whole wisdom of the crowds idea doesn't work at all if the Bill Gates effect isn't taken into account! So... Let's hope data scientists of the future know how to clean up their data before they start processing and making absurd conclusions. Actually, let's hope AlphaGo AI figures out the Bill Gates effect on its own....
Ariella
Ariella
3/6/2018 | 4:56:13 PM
Re: Disrupting From Within
@mhhf1ve absolutely.One example of that was called the Bill Gates Effect. See https://curbal.com/blog/the-bill-gates-effect-in-google-analytics-and-how-to-get-rid-of-it-with-power-bi
mhhfive
mhhfive
3/6/2018 | 4:39:34 PM
Re: Disrupting From Within
Hahaha. And that's only "made up" stats. I'm sure there are also just plain wrong stats or misinterpretations that make "real" stats seem so unreliable.
Ariella
Ariella
3/6/2018 | 4:02:14 PM
Re: Disrupting From Within
@mhhf1ve OK, once you bring up something like this, I feel I have to find out. This was a Quora question:https://www.quora.com/What-percentage-of-statistics-are-made-up and only one of the answers tried to be scientific about it:
 
 
 
I would start by framing it theoretically. As shown by 100 * ((number of made-up statistics not including this one) + 1) / ((total number of statistics not including this one) + 1), the percentage actually changes with each estimate. So it's a bit hard to nail down, see Does Heisenberg's uncertainty principle apply to machines with consciousness?
 
 
But generally, the estimates go along these lines, "79.48% of all statistics are made up on the spot." attributed to  John A. Paulos here http://www.workjoke.com/statisticians-jokes.html
mhhfive
mhhfive
3/6/2018 | 3:53:49 PM
Re: Disrupting From Within
I think you may be right.... but who knows? :P
Ariella
Ariella
3/6/2018 | 3:43:49 PM
Re: Disrupting From Within
@mhhf1ve I thought that figure was closer to 90%!
mhhfive
mhhfive
3/6/2018 | 3:25:26 PM
Re: Disrupting From Within
> "Only 20% of the world's data is public, with incumbents owning 80%, IBM says."

And 42% of all statistics are completely made up! :P
Ariella
Ariella
2/27/2018 | 12:07:32 PM
Re: Disrupting From Within
This is highly significant:
  • Data gives incumbents a powerful advantage. Only 20% of the world's data is public, with incumbents owning 80%, IBM says.

That really is the lion's share, and if knowledge is power, that means they are very powerful indeed!
kq4ym
kq4ym
2/27/2018 | 11:44:31 AM
Disrupting From Within
It does seem that new new innovations and profits may indeed come from "disrupting from within." As the learning culture progresses and companies are able to find and keep employees willing to increase their skills while thos companies seek out acquisitions that will be an asset to their own business, there will be a revolution in business that can use new technology to their advantage and grow not only sales but their workforce as well.


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