Is Big Data Analysis Being Applied?
We have been hearing for years how, Big Data Analysis will help us optimize our businesses and generate performance at levels here to for never hear of. So where is it now?
Two major sources for data on the Covid-19 virus are Johns Hopkins University and the Centers for Disease Control and Prevention. This is fine at one level. Living in the Houston, Texas metropolitan area, this pundit can see a general (real time) overview of the situation from either.
However, my home is on the west side of the city. I was recently surprised to learn that most of the local exposure is on the east side; 30+ miles from my domicile. Is my risk lower than I am being told by the authorities? Or is it the same or higher?
Why am I staying at home? Perhaps the result of a blunt policy instrument?
It appears to me that most medical professionals are not Data Scientists. Absolutely knowledgeable in their field, including pathogens (I personally know many in the field including a pathologist). Is that system taking help from data scientists? I have not heard that it is.
Additionally, if the argument is we don’t yet have enough data, this holder of a doctoral degree will argue that Small Data set modeling can be effective as well. My doctoral dissertation was founded on these statistics.
I have no doubt that the best minds are working this problem. However, if policy makers take a hammer to the nail, when perhaps a series of tacks is appropriate, significant economic damage will continue.
The tack approach appears to be what we are hearing about certain parts of the United States coming back online in a week or so. The concept of months some advocate makes no sense to this writer. We will see social unrest long before that.
The Big Data Analysis sector has been pressing their value proposition and software/solutions for years as a way of optimizing businesses. Why is the sector quiet regarding coronavirus?
If we can parse data and sell web advertisements based on ‘clicks’ why can’t we figure this out a level of granularity that allows the economy to restart (at least in some geographies)? Get to work guys and prove my concerns wrong!
Finally, what is the role for Artificial Intelligence (AI)? Its advocates suggest it has magical powers and it has been used to solve other problems. Prove it on this global stage!
Where are Big Data and AI in this fight?
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Critical Mass: Value from the RBC Framework
Nuclear physicists define the term, “critical mass” as the amount of fissile material whereby a nuclear reaction is self-sustaining. From that original definition, the construct is further developed along societal and political terms as a function of the environment and number of adopters and their interdependencies that create enough of a consensus for individual actions that sustains an undertaking.
In 1996, the author published the first of several case studies on a societal interaction model based on the Relationships, Behavior and Conditions (RBC) construct among economic actors. Previously the model was only in the domain of academia.
This blog addresses contemporary issues from the RBC perspective and whether in the present state they are sustainable or not. Many readers may be familiar with the “Innovation Adoption Curve.” RBC seeks to enlighten the causality of behaviors that cause movement towards the critical mass that generates movement along this diffusion curve.
- Is Big Data Analysis Being Applied? March 24, 2020
- Restoring the Global Economy: Starting Today! March 23, 2020
- Home Base During a Crisis: ‘get up, clean up, and dress up’ March 16, 2020
- To KISS or Not? March 9, 2020
- Freidman v Keynes February 19, 2020
Other Blogs by Dr. Shemwell
Dr. Shemwell is an author/contributor for the following 3rd party blogs.
So, You Want to be an Entrepreneur
Dr. Shemwell is a member of the Global Energy Mentors (GEM) Leadership Team. Every month he or one of his colleagues is posting timely tips to help entrepreneurs navigate the energy start up sector. Check out the Landing Page.
Governing Energy Blog
BTOES Insights is the content portal for Business Transformation & Operational Excellence opinions, reports & news. Dr. Shemwell is a contributor.
Consult 2050 connects organizations with a wide range of consultants all around the world. The firm operates an online marketplace for consultancy services.
Essays on Business and Information
This two volume set covers a series of newsletters and opinion pieces published circa 2002-2009, including Bug Lore–Lessons for the Online Economy that addressed real time systems vulnerabilities from Y2K (1998-99).
About the Author
Dr. Scott M. Shemwell has over 30 years technical and executive management experience primarily in the energy sector. He is the author of six books and has written extensively about the field of operations. Shemwell is the Managing Director of The Rapid Response Institute, a firm that focuses on providing its customers with solutions enabling Operational Excellence and regulatory compliance management. He has studied cultural interactions for more than 30 years—his dissertation; Cross Cultural Negotiations Between Japanese and American Businessmen: A Systems Analysis (Exploratory Study) is an early peer reviewed manuscript addressing the systemic structure of societal relationships.