Maybe you read in your childhood the famous French Asterix comic book series. I especially like Edifis (or as he is called in other languages Numérobis), an Egyptian architect in the “Asterix and Cleopatra” volume. He is the best architect Egypt can provide, but his buildings are really horrible. They seem to collapse every minute and obviously there is no proper basis or even a sufficient plan used during construction. Sometimes I think that many people in our industry still work like Numérobis.
When searching in Google for “Data economy,” the first hit I got was a Wikipedia article on: “Economic data!” This sounds almost like an unintended pun.
Data has always been part of the economic system. Some of the oldest artifacts of recorded writing were lists of goods found in Uruk almost 5.500 years ago. But what we are currently observing is that the digital age is fundamentally changing entire industries, e.g. media industry (music or newspapers) or retail (see Amazon!). Moreover, personally identifiable information (sic!) is already contributing to profitable business. So internet technology – in combination with a growing information need in business processes (e.g. hype on Big Data) – is disrupting a lot of processes we are used to work with for a long time. In addition, a completely new quality to how we see and use data in the future is currently emerging.
I love words and I love language and meaning! Since I am not a native speaker, the words above sound and “feel” very similar, although their usage is quite different.
The same goes for “legal jargon”, where I have to face the fact that what I learned during my English lessons at school and university is quite often not applicable or even misleading in a legal context.
In my last post I reflected on how the turmoil in our industry was visible or tangible at the world’s biggest event we have: Frankfurt Book Fair. Today, I will have a closer look at the opposite dimension. What the turmoil is doing to a person – in this case, to me.
Mobility is one major trend in the industry and also a cornerstone of our Wolters Kluwer strategy. People are using more and more tablets and smartphones, also in their daily professional routine. One recent trend in marketing is to exploit the behavior of people using more than one device at the same time (like a TV and a tablet) for addressing new sales channels, e.g. offering products on the tablet, which are complementing the format the user is currently consuming on TV. Translating this trend into our world could solve one major obstacle we currently face in product design. Read further >
… and jogging is significantly reducing intelligence …and information really helps our customers.
I just went through a speech, which Neil Postman held back in 1990, where he cited people from even 50 more years back in time. And I find it hard to refute his central claims, including: “Information is not part of the solution, but instead creates new sorts of problems”.
A bigger part of the Netherlands is located under sea level, which gives me the association of living in a submarine. But this does not imply that the Dutch are hiding from anything, quite on the contrary!
Last summer, I was sitting in an impressive hall with thick walls and a gothic style ceiling in a European capital, which made me feel as if I was able to touch the centuries and traditions all around me. Read further >
The use of quantitative prediction continues to shake up numerous professional services industries by automating or semi-automating tasks previously performed by experts. Professor Daniel Katz (Michigan State University) has offered up an analysis of how quantitative prediction is already changing the legal services industry (Quantitative Legal Prediction – or – How I Learned to Stop Worrying and Start Preparing for the Data Driven Future of the Legal Services Industry, 62 Emory Law Journal ___ (2013) (working draft)). Although Katz’s analysis focuses on legal services, the trends discussed can be applied to other professional service industries, including tax planning and accounting services. Quantitative prediction promises to automate or semi-automate many core questions asked by professionals and their clients: Do I have a case? What is our likely exposure? How much is this going to cost? Are these documents relevant? What will happen if we leave this particular provision out of this contract? How can we best staff this particular legal matter? Read further >
I am not really sure, if this is a correct English sentence, but abbreviations show that meaning and semantics indeed have a lot to tell us. Looking at Wikipedia, you will find that “ISWC” has four different meanings – and I am pretty sure that there are even more around the globe. One is: “International Symposium on Wearable Computers”. There are also others, which are as meaningful like: “International Speed Windsurfing Class” or “International Semantic Web Conference”; the latter I will talk about today.