On My Mind
There are some recent events that should impact how big data analytics is used in companies. First, the European Union’s General Data Protection Regulation (GDPR) has affected those U.S. companies who have European Union customers and now U.S. lawmakers are considering similar laws. Second, some algorithms have recently been found to have discriminated against certain groups calling into question the unbiasedness of algorithms. Lastly, some executives are warning people on how their data is being used by companies – here is a passage from the article Apple CEO Urges Action on Data Misuse which appeared in The Wall Street Journal on 10/25/2018 (Pages B1 & B4, by Sam Schechner and Emre Peker): “Apple Inc. Chief Executive Tim Cook issued the technology giant’s strongest call yet for U.S.-wide data-protection regulation, saying individuals’ personal information has been weaponized.” . . . “’Our own information—from the everyday to the deeply personal—is being weaponized against us with military efficiency,’ Mr. Cook said. ‘Today, that trade has exploded into a data-industrial complex.’” While big data analytics holds great promise, there are obviously still many challenges that must be addressed.
Chess is considered one of the ultimate games of strategy and it can be instructive to watch elite Grandmasters play. Magnus Carlsen will be challenged by Fabiano Caruana for the World Chess Champion title starting November 9, 2018 in London. Carlsen has held the title since 2013 and is considered the favorite in this match. However, Caruana is a strong challenger. He became the youngest Grandmaster in U.S. history while still fourteen years old and he is one of the highest ranked chess players in history. Caruana is the first American to challenge for the World Chess Champion title since Bobby Fischer. If you want an alternative to watching traditional sports this month, then follow the match starting November 9 – you just might get captured.
I presented on Information-Based Customer Value Creation at the 1st Annual Colloquium on Analytics, Data Science & Computing. This was an outstanding event and it will be held next year on October 25-26, 2019. The Strategic Improvement Systems, LLC schedule of public events is now set: Leading Rapid Action Projects will be held November 14-15, 2018; Strategy Tools for Strategic Improvement will be held November 29, 2018; Strategic Improvement Green Belt will start January 8, 2019; Strategic Improvement Black Belt will start January 15, 2019; and Customer Experience Deep Dive will be held January 23, 2019. The brochures for these events are available on this website.
There are two relatively new books that are worth reading in preparation for the World Chess Championship match between Magnus Carlsen and Fabiano Caruana. The book titled, Endgame Virtuoso Magnus Carlsen: His Extraordinary Skills Uncovered and Explained by Tibor Karolyi obviously focuses on Magnus Carlsen and his endgame skills. The book titled, Fabiano Caruana: His Amazing Story and His Most Instructive Chess Games by Alexander Kalinin contains some of Caruana’s “best and most instructive” games. If you want some deep insight into two of the best chess players in the world, then these books are a good place to start.