Amazon – Redefining the 80:20 rule

 

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The 80:20 rule is oft bandied around in the retail world and Amazon, not content with disrupting numerous retail industries and the very way we shop have even taken an established business saying and turned it on its head.

Amazon uses the 80:20 rule to demonstrate their approach to product decision making – they base selections 80% on data and 20% on experience and gut feel, whereas traditionally decisions in retail are entirely the other way around, with 20% being based on data and 80% on gut feel.

No-one can argue that the 80:20 model isn’t working well for Amazon as the company announced a near doubling of their profits for the first quarter of 2019 as it continues its expansion into new categories by using the data they generate from selling 3d party products.

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New Study Confirms That the Future of Data Storage Is in DNA

DNA contains information about a living organism. It codes everything in an living being. That’s why it makes sense for corporations like Microsoft to invest in research that studies how DNA can be used to store data. Unlike most of the existing data storage devices out there, DNA doesn’t degrade over time, plus it’s very compact. For example, just four grams of DNA can contain a year’s worth of information produced by all of humanity combined.
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The Data-Driven Transformation of Intelligence

When “little green men” invaded Crimea in early 2014, they left a data trail that went largely unnoticed by the U.S. Intelligence Community (IC).  Distracted by a large Russian exercise to the west, the IC did not connect the digital dots that indicated the impending invasion.  In the Information Age, the “dots” are more plentiful and glaring as everyone now leaves a data trail.  Given that, how can intelligence analysts better gather, share, organize, and view data to reveal intent, more accurately predict behavior, and make better decisions with limited resources?

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Google searches put vulnerable consumers at risk

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You may be able to ask Google questions you would never ask aloud and the search engine will silently offer you the answers. But, ou can’t think of Google as an oracle for anonymous searches. Sometimes, the most intimate questions a person is asking—about health worries, relationship woes, financial hardship—are the ones that set off a chain reaction that can have troubling consequences both online and offline.

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Very cool data visualization will change how you look at the world economy

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HowMuch.net has come up with a very cool data visualization that’s a little bit unorthodox. The way it works is that it visualizes the entire world’s economic output as a circle. That circle is then subdivided into a bunch of blobs representing the economy of each major country. And then each country-blob is sliced into three chunks — one for manufacturing, one for services, and one for agriculture.

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Data is the future of machine intelligence

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Douglas Coupland: I look at apps like Grindr and Tinder and see how they’ve rewritten sex culture — by creating a sexual landscape filled with vast amounts of incredibly graphic site-specific data — and I can’t help but wonder why there isn’t an app out there that rewrites political culture in the same manner. I don’t think there is. Therefore I’m inventing an app to do so and I’m calling it Wonkr — which somehow seems appropriate for a politically geared app. I dropped the “e” to make it feel more appy.

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Google accidentally leaks ‘right to be forgotten’ request data

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Nearly 220,000 individual requests have been made to Google to selectively remove links to online information. Less than 5% of those requests concern criminals, politicians, and high-profile individuals, according the Guardian. More than 95% of the requests have come from everyday people.

 

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The Internet of Things isn’t set to unleash a deluge of data… yet

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The startup called Spark is building a microcontroller for connected devices.

Billions of devices, from forks to jet engines, are already connected to the internet. All signs point to a huge surge in the years to come. For example, Cisco, predicts 21 billion of them in 2018, up from 13 billion in 2013. But despite those numbers, the companies that will be storing all that device data are less concerned sheer volume and more concerned about making it usable.

 

 

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Jawbone data reveals how many Up users were woken up by the Napa earthquake

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Last Sunday’s 6.0-magnitude earthquake that struck the Napa region of Northern California was the strongest the area has seen in 25 years. The quake was so strong, in fact, that it woke many in the region — as we learned from a sudden change in the sleeping patterns of people nearby, thanks to data collected by Jawbone UP fitness trackers.

 

 

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