Algo Duping, you only read about it here for the most part using that terminology and for sure it’s out there. We have executives heading up key government departments that think “an algorithm is the answer for all” and wrong they are and are members of the “Algo Duped” society that lives out there, infected with high levels of “flawed data” that marketers so badly want you to buy in on. Why? It makes money for them with selling data. This is a good TED video that talks about a lot of this. Maybe I’m out there a bit but three years ago I called for the creation of a Department of Algorithms or something along that line. You see folks that write code and structured query language are very smart and what they do is under the surface that you don’t see. How do you think the entire mortgage scam took place? It could not have occurred without some algorithmic code, but problem was they didn’t do their data trails very well in the need for speed to get that money and we all know the results of what happened there.
Algorithms make us smarter and give us knowledge but it’s human participation is needed. I have to laugh when I see contests like this big carrot out there supported by former HHS Secretary Leavitt about finding that magic algorithmic formula for re-admissions. It’s human input, ethics and knowledge. See what I mean by folks being “Algo Duped”? Too much faith in the algorithms for an answer to make black and white decisions. See how they get “duped”?
Big Data, Flawed Data, Business Intelligence, Where’s The Future and What Has Been Our Past…A World With ”Algo Duping” of Society and Consumers
”Hey dude let’s crunch some numbers and see if we can come up with some analytics to sell”
This is why I keep calling for chiefs of staff that have “some” IT in their background so they can think on their feet, as if you have no hands one somewhere along the line, somebody has to take hours and educate them and there’s a lot of that that is necessary but when you can’t find a high level Congressman, Executive, etc. without even so much as a cell phone in hand…well you get that picture..just one more figurehead that can open mouth and maybe give a good speech but knows little about the entire processes they speak of.
Complexities in Data Systems Growing Beyond Control –“Algo Duping” Society Combined With A World of Rogue Algorithms & Flawed Data Continues In Markets As Seen With Knight Capital This Week-Attack of the Killer Algorithms Chapter 36
Now going the opposite direction look at what good work and algorithms do for us…we need more of this and of course Bill Gates and the Foundation invested in this type of technology a few years ago with computer simulation relative to creating drugs and treatments.
AIDS Experts at Johns Hopkins and Harvard Develop the First Accurate Computer Simulation to Explain Drug Effects and Viral Mutations With HIV
I thought I was the only one talking about this but recently was contacted by the National Institute of Statistical Sciences that told me to keep blowing the horn and that someone will eventually listen. It’s all about the math, algorithms, data, and “flawed data” that creates markets sometimes where they don’t belong.
Check out the link to all the Chapters on the Killer Algorithms here.
Now on with the video…
So all you big data folks out there keep this in mind that the technology is good and it depends on who writes the code an how much profit they want to get out of it sometimes. The old garbage in and garbage out has not changed so again human collaboration with machines is needed and ethically sustained by all means as computer duped societies make decisions that hurt others due to what they see on the screens today and it could very well be a “spun”SQL statement or one of those that generate profit, and we don’t always know and that’s how we get duped, over and over and over. BD
Brute computing force alone can’t solve the world’s problems. Data mining innovator Shyam Sankar explains why solving big problems (like catching terrorists or identifying huge hidden trends) is not a question of finding the right algorithm, but rather the right symbiotic relationship between computation and human creativity.