Description |
1 online resource |
Contents |
Liftoff! prediction takes action : the stock market -- With power comes responsibility : HP, Target and the police deduce your secrets -- The data effect : blogger anxiety and the economy -- The machine that learns : Chase and mortgage risk |
Summary |
You have been predicted - by companies, governments, law-enforcement, hospitals and universities. Their computers say, "I knew you were going to do that!" These institutions are seizing upon the power to predict whether you're going to click, buy, lie, or die. Why? For good reason: Predicting human behavior combats financial risk, fortifies healthcare, reduces spam, toughens crime-fighting and boosts sales. How? Prediction is powered by the world's most potent, booming unnatural resource: data. Accumulated in large part as the by-product of routine tasks, data is the unsalted, flavorless residue deposited en masse as organizations churn away. Surprise! This heap of refuse is a gold mine. Big data embodies an extraordinary wealth of experience from which to learn. Predictive analytics unleashes the power of data. With this technology, the computer literally learns from data how to predict the future behavior of individuals. Perfect prediction is not possible, but putting odds on the future - lifting a bit of the fog off our hazy view of tomorrow - means pay dirt |
Notes |
Includes index |
Bibliography |
Includes bibliographical references (pages 228-289) and index |
Notes |
Print version record and CIP data provided by publisher |
Subject |
Social sciences -- Forecasting
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Economic forecasting.
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Prediction (Psychology)
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Social prediction.
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Human behavior.
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human behavior.
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SOCIAL SCIENCE -- Future Studies.
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Economic forecasting
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Human behavior
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Prediction (Psychology)
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Social prediction
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Data mining.
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Management.
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Multivariat analys.
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Prediktion.
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Form |
Electronic book
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LC no. |
2013001926 |
ISBN |
9781118416853 |
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1118416856 |
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9781118420621 |
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1118420624 |
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129919270X |
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9781299192706 |
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1118356853 |
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9781118356852 |
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9781118596470 |
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1118596471 |
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