Tag Archives: Big Data

Can your future n fortune be predicted or planned n prepared?

prediction-can-go-wrong-but-not-planning-for-future

Prediction can go wrong but not planning for future!

While Hillary Clinton and Donald Trump are busy taking out dirty linens from each other’s drawers in public, pollsters and respective supporters are agog and busy predicting fate of their candidates in US presidential campaign.

During annual examination, a student is always eager that someone could correctly predict whether he/she would get through or fail. Many people, who have not been successful in their previous job interviews, visit astrologer or tarot card reader to know whether they would get through in next interview.

But, we seldom think, what would happen, if we know our future in advance. If a student knows that he/she would get thru in examination, he/she would stop to prepare. If a sportsman knows ahead of time that his team would be defeated, he would have no heart to play. There would have been no need to spend billions of dollars and bloodbath of words, if the two contestants in current US election knew their actual fate.

So, correct knowledge of our future can instantly kill our thoughts, talent, thrill … and lot more; yet most of us incessantly keep searching or worrying about our future.

Is your future and fortune predictable?

There are modern methods and tools to predict things in advance – surveys, statistical algorithms, mathematical models and now Big Data.

Then, there are age old practices of astrology, horoscopy, palmistry, numerology and many more, practitioners of which insist that these are based on science though some surmise it is divine driven. That is not true. Science is always in black and white; whereas these practices thrive on what is gray. As regards divine hands, it is a clear case of what we fear but can’t fathom, we tend to defer it to domain of faith or god.

All of above tools or techniques are fundamentally governed by law of probabilities. If prediction of fortune teller is closer to higher probability, it has higher chance of coming true and turns out to be false, in case of low probability.

For a variety of reasons, we are saddled with one or more of following perceptions:

  • Our future gets defined by our birth time or zodiac sign.
  • Our future is predefined and stored somewhere, which keeps rolling in – how? Not known.
  • Our fortune has been written on our forehead – by who? God or genes?
  • When we think or dream of future, we are actually dipping into same.
  • When past time vanishes, future is already waiting with its wings (where?) to become visible.

None of above is true. Even science has failed to define correctly what future time is.

When you think or dream of future, you actually do it on basis of past memories or images. Past time is what gets stored as your memory and present time is what you witness now. Frame of present time keeps changing based on what happens now and we perceive it as future. Truly speaking, future is nothing but “Next Now” in relation to “Current Now”!

You can plan and prepare your future; actually you have been doing that!

Surprised? But, it is true that you have been always making your future rightly or wrongly albeit being unaware. Look at last 2 posts on this website –

One on Schrödinger’s cat brings out the fact that anything that has not happened has 50% chances of happening.

Second post illustrates that things around you closely track your thoughts.

To build your future and bring fortune, all that you need is to follow following 4 mantras or mandates:

  1. Become capable of earning without clamoring for it.
  2. Be committed to growth without being greedy.
  3. Be competent to hold and handle without hoarding it.
  4. Be dynamic without doubting or dithering.

World generally follows only left highlighted part of above 4 mantras but that can push probability only little above 50%. If you want to make it 100%, additionally follow right parts of these mantras all the more rigorously.

Then, you are set to enjoy fabulous future and fortune!

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Where would Big Data eventually lead us to!

Biggest buzz around the world today – Big Data! Last 15 years have seen dramatic change in the way we live and work. Today, we are leaving digital traces or signals behind for most of the things that we do and these are being captured by internet service providers, web hosting companies, search engine organizations, cell phone service providers and so on. When it comes to wellness and ways of living, lot of data gets generated, if you are using smart sensors and household gadgets. Your behavior as consumer, corporate employee and citizen can be and actually getting measured one way or another.

Enormity of data being collected can be understood by a simple estimate – data captured from the inception of human race until about year 2000 is being collected today in just 2 days and this speed is getting accelerated each day!

Scientifically as per quantum mechanics, our life comprises of digits 1-0. Interestingly, most of our actions are being digitally stored external to us and are accessible to people, we have no clue of!

Bigger data would bring bigger means and methods

Data are not merely being collected; but also analyzed through a variety of models called “analytics” and then presented to managers or individual users. These analytics present the information in descriptive, predictive or prescriptive form.

Big Data has brought and would further bring benefits in following areas:

  1. Statistical ability to understand past performance and anticipate results through trends and tendencies.
  2. Identifying problems or improvements.
  3. Consistency in decision making; actual decision may still be different and diverse.
  4. Better and consistent product quality and service to customers
  5. Driving cost lower and higher productivity.
    This would make bigger players even bigger and edge out smaller ones.
  6. Competitive strategies.
  7. Easier adaption to market dynamics.
  8. Following sectors would witness exponential growth:
    1. Internet, Web Hosting and Browsing and Search Engines
    2. Statistics, mathematical modeling, data mining and analysis
    3. Telecom hardware and hand held devices manufacturing
    4. Telecom services
    5. Cyber security
    6. Investigation industry
    7. Virtual war weapons and carriers for same
    8. Armaments for defense and destruction
    9. Wellness and medical fields
      Emphasis is expected to shift for customized treatments
    10. Social media

Bigger data would mean bigger conflict of interests and/or confusion

One thing that never goes down with humans is greed to get more information! When you have information, you can’t resist using it. If you can use it; you would also misuse it!!

When means take over morals, conflict of interests would start to reign. Many corporate managers are already complaining of big confusions with flood of data/information.

There are very clear signs that Big Data would bring:

  1. Private or public life to hinge on mechanics, not on morals.
  2. Quantity of data would make quality of data and decisions poorer.
    Nature does not permit quantity and quality to go concurrent indefinitely.
  3. Crucial Corporate or Government decisions would be clamped by mental abilities of data analysts.
  4. Nearly everyone stands to lose privacy and sleep.
  5. In name of upholding values and governance, Corporates and Countries would indulge in dirtier tactics.
  6. Rise in stress, blood pressure, heart and kidney related ailments and mental disorders.
    If you measure your blood pressure, it rises about 10 points compared to when you don’t measure. If you go to doctor for such information, you would find it at least 15 points more. If you start maintaining history of your blood pressure, your focus would be more on reading than its control!
  7. Rise of rivals and their retributions at company, community, private or public levels.

How to arrest fall from rise of Big Data

Drive for Big Data is driven by business interests. Social and ethical responsibilities have taken a back seat, if action of investigation agencies and individuals in some countries is any indication.

Hundreds of thousands of people are involved in data mining and analysis; so it is also difficult to regulate their attitude and approach. More the buzz for Big Data, more are chances of it getting busted.

There are 2 rules of nature in this context:

  1. Nothing – real or virtual – is one sided.
    By working on one aspect, we create the opposite. It is for this reason that one who can develop, can also dismantle or destroy. However advanced technology may go, it would never be immune to issues. This demands a balanced but not blind approach to data.
  2. When we observe or measure anything, we are bound to disturb that.
    It is a different thing that we fail to notice. An example is measuring your blood pressure as mentioned before or you wanting to say something; but becoming conscious only to fumble.
    Therefore, we need to define extent of measurement and monitoring.

If we want to save ourselves from perils of Big Data, we need to draw a line between means and morals, quantity and quality, reports and rationale. If we fail to do, what looks lucrative today would soon turn ludicrous!

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