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Will big data solve the innovation gap?

Jeffrey Phillips

Lately, with the advent of "big data", machine learning and other factors associated with data and more intelligent processes, the argument has been made that these capabilities will solve the innovation gap. 2001 promised a journey by an intelligent AI and astronauts to Jupiter.

Big Data 170
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Sixteen Sci-Fi Predictions Which Came True

Destination Innovation

Star Trek crew members also used a hand-held device to record data from the planets they visited. Arthur C Clarke’s book, 2001 : A Space Odyssey, published in 1968 envisioned ‘newspads’ which astronauts used to find out what was going on. Just like a smartphone. In 1946 Dick used a two-way wrist radio. Tablet Device.

Video 340
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Confirmation bias: Looking for information to prove you are right

Idea to Value

It is especially prevalent in situations where people are seeking data to prove an idea or hypothesis is right, such as in scientific research and innovation projects. A 2001 study also showed that people who have already made a decision (so have a set view or opinion on a subject) will seek out information which confirms this view.

Data 229
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Understanding the 5Vs of Big Data

Acuvate

In order to understand at what point ‘data’ transitions into being ‘big data’, and what its key elements are, it is imperative that we study the 5 Vs associated with it: Velocity, Volume, Value, Variety, and Veracity. What is Big Data. Velocity refers to the speed at which the data is generated, collected and analyzed.

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2024: A Corporate Innovation Odyssey

PlanBox Innovation

In the annals of technological evolution, we find ourselves at a juncture akin to the iconic 2001: A Space Odyssey. Nevertheless, to harness these capabilities, we must lay a strong foundation of data for AI to work effectively. This article originally appeared on Innovation Leader.

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The Rise of Product Management

Moves the Needle

By 2001, I was running Product Management at a different company. Agile and Human-Centered Design The Agile Manifesto of 2001 was a game-changer in product development. Evidence informs decisions – leaders should yield to data and insights. Product Management reflected both of these facts. I had never heard of Agile.

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New Decade, New What?

100%Open

Clarke made one bizarrely accurate prediction as two astronauts in the movie 2001 can be seen reading a newspaper on something that looks suspiciously like an iPad, that he calls a Newspad. Open data will grow in strength and impact, enabling new value to be created for citizens and companies in the transport, energy and medical fields.