NEW YORK—Calling it a major breakthrough that will significantly expedite and streamline its daily operations, Wall Street financial firm Goldman Sachs revealed Thursday it has developed a new high-speed algorithm that is capable of performing more than 10,000 ethical violations per second. “
In their second piece on the state of data in Uganda, Bernard Sabiti and Bill Anderson share their frustrations for when data alone doesn’t tell the whole story.
Have you ever heard of phrenology? It was, once upon a time, the “science” of measuring someone’s skull to understand their intellectual capabilities.
A few years ago, in a supermarket, I swiped my bank card to pay for groceries. I watched the little screen, waiting for its prompts. During the intervals between swiping my card, confirming the amount and entering my PIN, I was shown advertisements. Clearly some genius had realized that a person in this situation is a captive audience.
A shocking amount of what we’re reading is created not by humans, but by computer algorithms. Can you tell the difference? Take the quiz.
Ashkan Soltani, a well-respected expert on consumer privacy, recently commented that perhaps online do not track efforts should be replaced by the goal of do not surprise. Transparency is critical, but new tracking methods are rarely disclosed in privacy notices and consumers have limited ability to control or prevent their use.
Our social environment, how we enjoy ourselves, how we buy, what we study, how we travel,… Everything we do has changed thanks to the Internet and a host of spin-off technologies. Unquestionably this change has also reached the business world. How will the business of the future function? Big data is undoubtedly one of the key ingredients for a successful transformation that has already begun.
We’re not living in an algorithmic culture so much as a computational theocracy.
Personal injury cases are prime targets for manipulation and conjecture. How do you show that someone who’s been in a car accident can’t do their job properly, and deserves thousands of dollars in compensation? Till now lawyers have relied on doctors to observe someone for half an hour or so and give their, sometimes-biased opinion. Soon, they might also tap the wealth of quantifiable data provided by fitness trackers. A law firm in Calgary is working on the first known personal injury case that will use activity data from a Fitbit to help show the effects of an accident on their client.
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