Thedutylife's Podcast

Predictability of Uncertainty

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Sinopsis

Let us talk about data analytic namely let us talk today about unpredictability by following the logical steps First do you believe that you can use data to predict systematically what is going on? Please write your answer down. Second question. Are you aware of something we call world of finance or Wall Street? Third question. How many correlation metrics or data do we have in 2007 before the financial crises? How large it was or how big it was? Answer: Between half a billion and a Billion correlation we had in finance .Guess what/Nobody knew what the hell was going out there and most importantly the pundits and experts. So as direct conclusion data is not what we needed or wanted .Just as a good friend of mine who is actually a mentor went to Washington to testify against spending more money on data – since we get confuse by data. The congressman told him – Sir John when you cross the street you don’t look When I cross the street I remove data- because you have billions of information, all what I am interes