February 8, 2013

Beware the Big Errors of 'Big Data'

Nassim Taleb, Wired


Wired

We’re more fooled by noise than ever before, and it’s because of a nasty phenomenon called “big data.” With big data, researchers have brought cherry-picking to an industrial level.

Modernity provides too many variables, but too little data per variable. So the spurious relationships grow much, much faster than real information.

In other words: Big data may mean more information, but it also means more false information.

Read Full Article ››

TAGGED: Data

RECOMMENDED ARTICLES

October 17, 2013
Saving Our Data for the Post-Human Future
Ben Richmond, Motherboard
If you want to store information for a long time—like several thousand years—your best bet is still etching in stone. All the newcomers, dating back to paper and moving up through magnetic storage and DVDs, are... more ››