Google, Amazon, Web Services, Data

Look at what Google and Amazon are doing with databases: That's your future | ZDNet: "...."If you're interested in seeing the future of how data-oriented architectures are likely to evolve, the future is already here — just unevenly distributed," Eifrem said. "What that means is if you look at some of the big web services — the Googles and the Amazons of the world — they are already today dealing with the volume and shape of data that everyone else will be working on in five years from now."...."

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Google Flu Trends, Traditional Data

The New Thing in Google Flu Trends Is Traditional Data - NYTimes.com: "...The main critique came in an analysis done by four quantitative social scientists, published earlier this year in an article in Science magazine, “The Parable of Google Flu: Traps in Big Data Analysis.” The researchers found that the most accurate flu predictor was a data mash-up that combined Google Flu Trends, which monitored flu-related search terms, with the official C.D.C. reports from doctors on influenza-like illness. The Google Flu Trends team is heeding that advice. In the blog post, written by Christian Stefansen, a Google senior software engineer, wrote, “We’re launching a new Flu Trends model in the United States that — like many of the best performing methods in the literature — takes official CDC flu data into account as the flu season progresses.”..."


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Drowning In Data

The vast majority of data never gets used. In fact, as MIT Technology Review Senior Editor Antonio Regalado noted in a 2013 article, only 0.5 percent of all data is ever analyzed.

Big Data: Creating the Power to Move Heaven and Earth | MIT Technology Review: :... more data has been created in just the last two years than in the entire previous history of the human race, according to the Scandinavian research group SINTEF. A quick search of the term “Big Data” yields a tangle of statistics, some as superlative as the term they attempt to define... By 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet, according to the annual IDC Digital Universe study. At that point, the world will be looking at digital knowledge in the neighborhood of 44 zettabytes, or 44 trillion gigabytes, up from just 4.4 zettabytes today..."

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How Many Rape Reports Are False?

How Many Rape Reports Are False? - Bloomberg View: "....How many women falsely accuse men of rape? A lot of statistics are floating around the Internet: Two percent, say many feminists, the same as other crimes. Twenty-five percent, say other groups who quarrel with the feminists on many issues, or maybe 40 percent. Here’s the real answer: We don’t know. Anyone who insists that we do know should be corrected or ignored. The number of false accusations is what statisticians call a “dark number” -- that is, there is a true number, but it is unknown, and perhaps unknowable. For a deep dive into the reasons it’s so hard to know, I commend you to Cathy Young’s new piece at Slate, in which she details all the problems that confound investigations into false rape accusations. Here’s what we do know: The 2 percent number is very bad and should never be cited. It apparently traces its lineage back to Susan Brownmiller’s legendary "Against Our Will," and her citation for this figure is a single speech by an appellate judge before a small group of lawyers. His source for this statistic was a single area of New York that started having policewomen conduct all rape interviews. This is not data. It is an anecdote about an anecdote...." (read more at link above)


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What Is All That Data Worth?

What’s All That Data Worth? - WSJ: "...“When those kinds of questions arise, they overwhelm the matter,” said Dennis Beresford, who was FASB’s chairman from 1987 to 1997. The lack of consensus on how to measure data’s value creates an especially big blind spot for investors in tech giants like Facebook Inc., eBay Inc. EBAY -0.50% and Google, which rely on the data they collect for the bulk of their revenue. “A lot of what is going on at the companies is not being reflected in public disclosures or the accounting,” said Glen Kernick, a managing director at investment-banking and valuation advisory firm Duff & Phelps Corp...." (read more at link above)


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