Statistics

Showing 1-5 of 5

borison-500

How to Manage Risk (After Risk Management Has Failed)

Over the past decade, a number of the world’s respected companies have collapsed. A factor was these companies’ approach to risk management. Two different views have evolved on how risk should be assessed. The first — the frequentist view — is based on historical data. The second, or Bayesian, considers risk to be in part a judgment of the observer. Many measures are being deployed to prevent future crises — a shift from frequentist to Bayesian risk management should be part of this effort.

Image courtesy of Flickr user Fey Ilyas

What the GDP Gets Wrong (Why Managers Should Care)

Image courtesy of Flickr user Fey Ilyas We see the influence of the information age everywhere, except in the GDP statistics.1 More people than ever are using Wikipedia, Facebook, Craigslist, Pandora, Hulu and Google. Thousands of new information goods and services are introduced each year.

017-Innovation-500
Free Article

New opportunities for data analysis

  • Blog

“We’re rapidly entering a world where everything can be monitored and measured,” Erik Brynjolfsson, director of the MIT Center for Digital Business, said in an article in The New York Times.

Showing 1-5 of 5