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And so far it has demonstrated not the strength of data – that new religion – but its weakness.
"The strength of data we saw at the end of last year exaggerated the strength of the underlying economy," Richard Berner of Morgan Stanley, says.
Big Data's pursuit of "what" should be symbiotically linked to empiricism's pursuit of "why", which would increase the real strength of data analytics and accelerate scientific discovery collaboratively with empiricism.
With Governor Mark Carney stressing that the strength of data will drive when the Bank of England will first edge up interest rates, the overall robust set of July purchasing managers' surveys with strong incoming new business will likely be seen as supportive to a move in late-2014 rathan than early-2015.
This little difference may be due to the time difference and strength of data collection.
Beyond the strength of data, many other factors have to be taken into account.
Similar(48)
The value of a data set, the strength of a data moat, comes from context.
The likelihood ratios for the different data sources show that the co-complexness strength of each data source does not increase linearly with its score.
An additional strength of the data is its immediacy and robustness it is 'live'realeal world' data for nearly one in six Aboriginal and Torres Strait Islanders in Queensland.
Weighting of the data on HIV-positive tuberculosis incidence was dependent on the perceived strength of the data point.
Strength of our data is the homology between ex vivo (IHC) and in vivo (MS-CT) data.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com