Brainplay – How to make use of big data – deterministic thinking in a probabilistic world
20th May 2015
With problems increasingly becoming more and more complex, our 20th century way of thinking – deterministic thinking- needs to be re-analysed, as our urge to have everything optimised and predicted is no longer viable.
Our deterministic model which attempts prediction in all aspects is not fit to solve problems of the 21st century, because technology is increasingly making our world more and more probabilistic.
So how do we learn to make better use of statistics in the 21st century? How do we use it to make new businesses models and business decisions?