By Steve Lohr
Steve Lohr, a know-how reporter for the New York Times, chronicles the increase of huge information, addressing state-of-the-art company innovations and studying the darkish facet of a data-driven world.
Coal, iron ore, and oil have been the major efficient resources that fueled the economic Revolution. this day, facts is the important uncooked fabric of the data economic system. The explosive abundance of this electronic asset, greater than doubling each years, is making a new global of chance and challenge.
Data-ism is ready this subsequent section, within which giant, Internet-scale facts units are used for discovery and prediction in nearly each box. it's a trip throughout this rising international with humans, illuminating narrative examples, and insights. It exhibits that, if exploited, this new revolution will switch the way in which judgements are made—relying extra on facts and research, and not more on instinct and experience—and remodel the character of management and management.
Lohr explains how participants and associations might want to take advantage of, safeguard, and deal with their info to stick aggressive within the coming years. packed with wealthy examples and anecdotes of a few of the ways that the increase of huge info is affecting lifestyle it increases provocative questions on coverage and perform that experience broad implications for all of our lives.
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Additional resources for Data-ism: The Revolution Transforming Decision Making, Consumer Behavior, and Almost Everything Else
The Internet transformed the economics of communication. Then other technologies, like the Web, were built on top of the Internet, which has become a platform for innovation and new businesses. Similarly big data, though still a young technology, is transforming the economics of discovery—becoming a platform, if you will, for human decision making. Decisions of all kinds will increasingly be made based on data and analysis rather than on experience and intuition—more science and less gut feel. Throughout history, technological change has challenged traditional practices, ways of educating people, and even ways of understanding the world.
Text, by contrast, is a bit-sipping medium. There are eight bits in a byte. A letter of text consumes one byte, while a standard, high-resolution picture is measured in megabytes, millions of bytes. And video, in its appetite for bits, dwarfs still pictures. And forty-eight hours of video are uploaded onto YouTube every minute, as I write this, with the pace likely to only increase. The big in big data matters, but a lot less than many people think. There’s a lot of water in the ocean, too, but you can’t drink it.
They still are, but less so. Spee, founded in 1852, has a reputation for being a progressive club in its way. John F. Kennedy and Robert F. Kennedy were members, and Spee was the first club to admit an African American, in 1965. And less than a decade ago, an autoworker’s son played a leading role in the club. The job of the punchmaster—new members are called “punches”—is “a mixture of sales and winnowing,” explains David Vivero, a Spee alumni. ” Applicants were plentiful, so there was a lot of meeting people face-to-face to quickly assess if a young man would be a good addition and, if so, try to persuade him to join the club.
Data-ism: The Revolution Transforming Decision Making, Consumer Behavior, and Almost Everything Else by Steve Lohr