Mashable: “Could a sophisticated algorithm be the future of science? One innovative economist thinks so.
Phil Parker, who holds a doctorate in business economics from the Wharton School, has built an algorithm that auto-writes books. Now he’s taking that model and applying it to loftier goals than simply penning periodicals: namely, medicine and forensics. Working with professors and researchers at NYU, Parker is trying to decode complex genetic structures and find cures for diseases. And he’s doing it with the help of man’s real best friend: technology.
Parker’s recipe is a complex computer program that mimics formulaic writing….
Parker’s been at this for years. His formula, originally used for printing, is able to churn out entire books in minutes. It’s similar to the work being done by Narrative Science and StatSheet, except those companies are known for short form auto-writing for newspapers. Parker’s work is much longer, focusing on obscure non-fiction and even poetry.
It’s not creative writing, though, and Parker isn’t interested in introspection, exploring emotion or storytelling. He’s interested in exploiting reproducible patterns — that’s how his algorithm can find, collect and “write” so quickly. And how he can apply that model to other disciplines, like science.
Parker’s method seems to be a success; indeed, his ICON Group International, Inc., has auto-written so many books that Parker has lost count. But this isn’t the holy grail of literature, he insists. Instead, he says, his work is a play on mechanizing processes to create a simple formula. And he thinks that “finding new knowledge structures within data” stretches far beyond print.”
Mary Meeker’s Internet Trends Report
AllThingsD: For the second year in a row, Mary Meeker is unveiling her now famed Internet Trends report at the D11 Conference.
Meeker, the Kleiner Perkins Caufield & Byers partner, highlights growth of Internet usage and other activities on mobile devices and updates that now infamous gap between mobile internet usage and mobile monetization.
But there are many new additions. Among them are the rise of wearable tech as perhaps the next big tech cycle of the coming decade and a look at how Americans’ online sharing habits compare to the rest of the world.
Here’s Meeker’s full presentation:
KPCB Internet Trends 2013 from Kleiner Perkins Caufield & Byers
Transparency, E-Government, and Accountability Some Issues and Considerations
New Paper in Public Performance & Management Review: “Greater use of information and communications technology and e-government can increase governmental transparency. This, in turn, may invite citizen participation, foster e-governance, and facilitate e-democracy. However, beyond a certain point, more government openness may be dysfunctional if it reduces operational capacity. This article claims that in the real world, where the proverbial question is “Why can’t government be like business?,” many public managers are challenged by the need to perform a balancing act between the pursuit of greater openness and private-sector efficiency. The article concludes that there is a need to develop theories, models, and trainings to assist managers in addressing this balancing challenge.”
The Governance Report 2013
From the Hertie School of Governance: “Why are so few of today’s global issues getting settled? Are we ready to handle future financial and fiscal crises? Which governance innovations can actually contribute and how can we measure our progress? The Governance Report 2013 highlights these challenges, seeks governance innovations and introduces a new generation of governance indicators….
Featured Innovations:
Disruptive technologies: Advances that will transform life, business, and the global economy
New Report by McKinsey Global Institute: “Disruptive technologies: Advances that will transform life, business, and the global economy, a report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and offers guidelines to help leaders from businesses and other institutions respond.
We estimate that, together, applications of the 12 technologies discussed in the report could have a potential economic impact between $14 trillion and $33 trillion a year in 2025. This estimate is neither predictive nor comprehensive. It is based on an in-depth analysis of key potential applications and the value they could create in a number of ways, including the consumer surplus that arises from better products, lower prices, a cleaner environment, and better health….
Policy makers can use advanced technology to address their own operational challenges (for example, by deploying the Internet of Things to improve infrastructure management). The nature of work will continue to change, and that will require strong education and retraining programs. To address challenges that the new technologies themselves will bring, policy makers can use some of those very technologies—for example, by creating new educational and training systems with the mobile Internet, which can also help address an ever-increasing productivity imperative to deliver public services more efficiently and effectively. To develop a more nuanced and useful view of technology’s impact, governments may also want to consider new metrics that capture more than GDP effects. This approach can help policy makers balance the need to encourage growth with their responsibility to look out for the public welfare as new technologies reshape economies and lives.”
SmartSantander, the City that runs on Sensors
Businessweek: “Buried under the streets of Santander, Spain—or discreetly affixed to buses, utility poles, and dumpsters—are some 12,000 electronic sensors that track everything from traffic to noise to surfing conditions at local beaches. This digital nervous system puts the city of 180,000 at the forefront of one of the hottest trends in urban management: streaming real-time data to the public in an effort to increase the efficiency and reduce the stress of city life.
Santander’s narrow downtown streets are dotted with electronic signs that direct drivers to the nearest available parking spaces, reducing traffic congestion. Sensors are being installed on dumpsters to signal when they need emptying and are being buried in parks to measure soil dampness, preventing sprinkler overuse. Coming soon: wireless-enabled meters that monitor water consumption at homes and businesses, phasing out door-to-door meter readers. Mayor Iñigo de la Serna says the effort, known as SmartSantander, will cut city waste-management bills 20 percent this year, and he projects a 25 percent drop in energy bills as sensors conserve use in public building systems. “Smart innovation is improving our economic fabric and the quality of life,” the mayor says. “It has changed the way we work.”
The 20-person SmartSantander development team, which is led by University of Cantabria engineering professor Luis Muñoz, has also pushed residents to help collect and make use of data. Anyone in the city can download a mobile app to complain about potholes or other nuisances and receive updates from officials. A separate app tracks the availability of buses and taxis in real time. Still another city-provided app lets people wave their smartphones over barcode decals in shop windows to get price information or place orders. “This is the future, and we are already there,” says local shoe store owner Angel Benito, who has received orders from customers using the app….”
Euronews: Santander gets smart (Video):
UK Report: Public Data Will Boost Business
Tech Europe (WSJ): “The report into public data commissioned by the department for Business, Innovation and Skills said that creating an open national database would benefit both the U.K.’s private and public sectors. Data will be a core resource in the future, said Stephan Shakespeare, chair of the U.K.’s Data Strategy Board and the report’s author….
An analysis by Deloitte accompanying Mr. Shakespeare’s report calculated that the use of public data in 2011-2012 had added up to £7.2 billion ($11 billion) to the U.K. economy. In one case, opening up live transport information from Transport for London had saved Londoners working time valued at up £58 million in one year alone, Deloitte calculated. Opening up more public data would unlock more value, said the accountants.
In the document, which the government will respond to this summer, Mr. Shakespeare outlines a strategy for how the government could open access to everything from trash-collection data to information on heart treatments.”
Use of Social Network Diagrams
New York Times: “Consulting companies like Activate Networks create social network diagrams to help pharmaceutical marketers identify prescribing histories and relationships among doctors. Such diagrams can help marketers pinpoint highly connected physicians, the best potential targets for marketing.”
When the Crowd Fights Corruption
New Harvard Business School Research Paper by Paul Healy and Karthik Ramanna (Harvard Business Review): “Corruption is the greatest impediment to conducting business in Russia, according to leaders recently surveyed by the World Economic Forum. Indeed, it’s a problem in many emerging markets, and businesses have a role to play in combating it, according to Healy and Ramanna. The authors focus on RosPil — an anticorruption entity in Russia set up by Alexey Navalny, a crusader against public and private malfeasance in that country. As of December 2011, RosPil claimed to have prevented the granting of dubious contracts worth US$1.3 billion. The organization holds corrupt politicians’ and bureaucrats’ feet to the fire largely through internet-based crowdsourcing, whereby often-anonymous people identify requests for government-issued tenders that are designed to generate kickbacks. Should entities like RosPil be supported, and should companies fashion their own responses to corruption? On the one hand, there are obvious public-relations and political risks; on the other hand, corruption can erode a firm’s competitiveness, the trust of customers and employees, and even the very legitimacy of capitalism. The authors argue that heads of many multinational companies are well positioned to combat corruption in emerging markets. Those leaders have the power to enforce policies in their organizations and networks, and they enjoy the ability to organize others in the industry against this pernicious threat.”
Technology and Economic Prosperity
EDUARDO PORTER in The New York Times: “The impact of a technological innovation depends on how deeply it embeds itself in everything we do.
Earlier this month, a couple of economists at the Harvard Business School and the Toulouse School of Economics in France produced a paper asking “If Technology Has Arrived Everywhere, Why Has Income Diverged?” Economic prosperity, they noted, is ultimately driven by technological innovation. So if technologies today spread much more quickly than they used to from rich to poor countries, how come the income divide between rich and poor nations remains so large?
It took 119 years, on average, for the spindle to spread outside of Europe to the poorer reaches of the late-18th-century world, according to the authors. The Internet encircled the globe in seven. One might expect that this would have helped developing countries catch up with the richest nations at the frontier of technology
The reason that this did not happen, the authors propose, is that despite spreading faster, new technologies have not embedded themselves as deeply, measured by their prevalence, relative to the size of the economy. “The divergence in the degree of assimilation of technologies started about 100 years ago,” observed Diego Comin of Harvard Business School, one of the authors.”