By Peter Sondergaard Gartner, Inc. Big data is the oil of the 21st century. But for all of its value, data is inherently dumb. It doesn’t actually do anything unless you know how to use it.

Startups Big data algorithms can discriminate, and it’s not clear what to do about it “This program had absolutely nothing to do with race… but multi-variable equations.” ...

Big Data for Good Is Good for Us All When one considers the sheer amount of data and everything else that is required to produce successful outcomes—algorithms, accuracy, precision, correlation, ...

There is no such case for algorithms. We have a lot of uninformed consumers of big data algorithms that are using tools that haven't been tested for reproducibility and accuracy." Story Source: ...

As a prediction, pricing, and choice-making device, algorithms and big data still have a long way to go in many contexts. And rather than being left in the dust, markets themselves are evolving too.

"Big data is a myth – it's about how you use the data, which comes down to algorithms and analyst scores," says James Blake, CEO at unstructured data insights company Hello Soda.

Big Data Algorithms, Disparate Impact, and Considerations of Modular Programming ” focused on the rapid growth in predictive algorithms based on “real world experience” data.

O’Neil suggested the creation of a data rights bill or antitrust laws as potential ways to solve the unrestricted application of algorithms to the daily lives of everyday citizens. “We need ...

The algorithm examines millions of places in a single genome to calculate a person's overall genomic risk factor for developing certain diseases Lauren Solomon, Broad Communications View 1 Images ...