What can big data reveal about complex systems. There are a lot of interesting visuals that can be generated but, as the quote in this article says, 'Big Data needs a Big Theory to go with it'. What is that Big Theory? No one yet knows. It certainly is more than a bunch of interesting graphs, charts and images.
Nissan Motor Co.'s startling announcement last week that it will have self-driving cars ready for dealerships in 2020 thrusts the company into the forefront of an emerging and controversial new technology.
Larry Schmitt's insight:
A piece of evidence that autonomous vehicles may happen faster than most people think they will. Non-linearities in complex system always take people by surprise. Predicting the tipping point is always fraught with uncertainty. Taking out options that the tipping point will occur is the way to go.
Human's limitations on understanding the non-linearities in complex systems inevitable lead to unintended consequences. Tools for understanding complexity that are accessible to business people and policy makers are desperatey needed.
Oscillation is a little appreciated dynamic in human systems. We all oscillate in our mental states and mindsets, sometimes flipping to a new equilibrium. A good book on one aspect of this topic is Butterfly Economics by Paul Ormerod
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