Posts Tagged ‘databases’

And the Oscar will go to…

Monday, May 31st, 2010

I'd like to thank the little people...

What is it: Prior to this year’s Academy Awards a celebrity gossip site in the States decided that they would make predictions of who was going to win the 2010 leading male and female Oscars based on previous years statistics. They then went on to predict the 2010 winners to be Jeff Bridges and Sandra Bullock.

Why is it cool: By leveraging existing statistics and look for trends accurate future predictions can be made, even in for awards determined by volatile individual opinions.

Where to find it: here!

Submitted by: Kelli Robertson-Jones

Super crunchy

Tuesday, April 6th, 2010

Cruncher? I hardly know her!

What is it: A little online zine article about the ways corporations are beginning to use the vast stores of data at their disposal. The lead example is that credit card companies, by tracking what you purchase, can predict life-changing events, such as getting divorced, as a way of forecasting someone is more likely to default on their card loan.

Why is it cool: Data mining is a hugely untapped resource, and one which can be potentially very valuable (as the above example, allowing credit card companies to better manage risk, illustrates). Whilst one has to wonder at the possibilities, it’s also potentially questionable what could be done with this information – much the same way DNA testing of the unborn could potentially be used unscrupulously.

Where to find it: here!

Submitted by: John Cucka