Limitations of Machine Learning

In a recent discussion on Twitter prompted by some examples of erroneous thinking in Computing Science, I argued that you don’t always need a philosophy degree to spot these errors. A thorough grounding in statistics would seem to settle some of them.@…

Economic Value of Data

How far can general principles of asset management be applied to data? In this post, I’m going to look at some of the challenges of putting monetary or non-monetary value on your data assets.Why might we want to do this? There are several reasons why p…

The Dashboard Never Lies

The lie detector (aka #polygraph) is back in the news. The name polygraph is based on the fact that the device can record and display several things at once. Like a dashboard.In the 1920s, a young American physiologist named John Larson devised a vers…

Dark Data

At @imperialcollege this week to hear Professor David Hand talk about his new book on Dark Data.Some people define dark data as unanalysed data, data you have but are not able to use, and this is the definition that can be found on Wikipedia. The earli…

Assemblage and Plottage

John Reilly of @RealTown explains the terms Assemblage and Plottage.Assemblage is the process of joining several parcels to form a larger parcel; the resulting increase in value is called plottage.If we apply these definitions to real estate, which app…