Description: Algorithms make predictions more accurate—but they also create risks of their own, especially if we do not understand them.
Date: Jan 1, 2016
High-profile examples abound. When Netflix ran a million-dollar competition to develop an algorithm that could identify which movies a given user would like, teams of data scientists joined forces and produced a winner. But it was one that applied to DVDs—and as Netflix’s viewers transitioned to streaming movies, their preferences shifted in ways that didn’t match the algorithm’s predictions.
Another example comes from social media. Today many sites deploy algorithms to decide which ads and links to show users. When these algorithms focus too narrowly on maximizing user click-throughs, sites become choked with low-quality “click-bait. Read the Rest of the Story
1. Discuss the pros and cons of ALGORITHMS in managing a business.
2. List some examples of algorithm successes in business, education, or government.
Description: Currently in the business world we are witnessing something like the epic collision of two galaxies — a rapid convergence of two very unlike systems that will cause the elements of both to realign. It’s all thanks to the Internet of Things.
Source: Harvard Business Review
Date: May 7, 2013
If you are not familiar with the term, the Internet of Things refers to a dramatic development in the internet’s function: the fact that, even more than among people, it now enables communication among physical objects. By 2015, according to my own firm’s projections, not only will 75 percent of the world’s population have access to the internet. So will some six billion devices. The fact that there will be a global system of interconnected computer networks, sensors, actuators, and devices all using the internet protocol holds so much potential to change our lives that it is often referred to as the internet’s next generation.
For managers, this development creates challenges both long-term and urgent. They need to envision the valuable new offerings that become possible when the physical world is merged with the virtual world and potentially every physical object can be both intelligent and networked. And, starting now, they must create the organizations and web-based business models that can turn these ideas into reality. READ REST OF STORY
Questions for discussion:
1. What is the INTERNET of THINGS and why is it important?
2. List some market technologies that you see around you that are part of this INTERNET of Things
Description: Business success, economic development and even international competition is starting to depend on once unimaginably fast Internet speeds.
Date:May 31, 2015
On Tuesday, Charter Communications announced that it would spend, in two separate deals, a combined $67.1 billion to buy Bright House Networks and Time Warner Cable. A big reason for the deal was the opportunity to offer faster online services.
People will watch ultrahigh-definition television programs in one room, the argument runs, while broadcasting interactive video games in another and using a high-speed Wi-Fi terminal in a third. You can charge a lot for providing that kind of capability. Read Rest of Story
Questions for discussion:
1. As Bandwidth has increased over the years can you think of any new or unforeseen businesses that have been created as a result of the increased bandwidth ?
2. Do you see this “BROADBAND Divide to be an issue of concern for governments and business? Why or Why Not?