If you hang around Twitter long enough, you’ll become alternately inured to and irritated by the grinding repetitiveness of a few stock phrases, which come at you like a Greek chorus of unoriginality. While much has been made of Twitter groupthink — the tendency to inflate the importance of your chosen hive-mind’s opinion at the expense of what the Real World actually thinks
Turkey is like a traumatised adolescent,” she explains. “We have had so many traumas, such as what happened with the Kurds, that we are finding it difficult to mature as a country. I’m not angry. And I’m not afraid. When I told my nine-year-old that I was planning to come here, he said: ‘Don’t go. Erdogan won’t understand’.
It is just the latest bold-faced retail brand on the brink of extinction. Circuit City is dead; Best Buy is dying. Borders is gone; Barnes & Noble is shuttering storefronts. Kmart has closed 40 percent of its stores in the past decade. As recently as 1998, Sears was in the Dow 30. Today, Sears Holding isn’t even in the S&P 500.
You soon learn that 66% of lost hikers are found within two miles of the spot last seen. You impose a ring over your map reflecting this two-mile perimeter. You then learn that 52% of lost hikers are found downhill, only 32% go up, and 16% keep walking at the same elevation. You impose an elevation layer on the area with all the land above the last point seen shaded one color and the land beneath it shaded another. You can even impose a new lens depicting tree and plant cover and open fields, and one depicting linear objects like trails, roads, power lines, and streams, knowing that the vast majority of lost hikers follow some sort of linear marker to avoid going in circles.
Pretty amazing example of how Big Data can be used to dramatically change the outcome of real-life scenarios.
Thanks to Patrick Tucker at WFS for posting this!
The real story of the global economy is this: institutions aren’t delivering the level of well-being that people want, need, and expect,” says Umair Haque, the director of the Havas Media Labs and Harvard Business Review blogger who writes frequently on how business can create real value. “The next global economy isn’t just about stuff, it’s about human lives.
Even the Golden Rule of business has transformed. The old Golden Rule in business was to find out what your customers wanted, and give it to them. Today, if you ask your customers what they want and you give it to them, you’re missing a huge opportunity, because their answers will never give you more than a fraction of your potential.
Three digital accelerators have been driving the transition from change to transformation for many years, but due to their predictable exponential rate, they have now reached an inflection point — a point where processes, products, services, and careers no longer change; rather, they transform. The three digital accelerators are processing power, digital storage, and digital bandwidth. The impact of these three accelerators—the enormous gains in power, miniaturization, product intelligence, interconnectivity, cloud services, mobility and a raft of other technological dimensions—will be felt in every industry, every corner of the globe, and every nook and cranny of society.
We favor objects because we think that experiences can be fun but leave us with nothing to show for them. But that turns out to be a good thing. Experiences have the nice property of going away. Cars need repairs, they rust in our driveway, and they ultimately disappoint us enough that we sell them and get new ones. Experiences are like good relatives that stay for a while and then leave. Objects are like relatives who move in and stay past their welcome.