gwern comments on Open Thread, August 2010-- part 2 - Less Wrong

3 Post author: NancyLebovitz 09 August 2010 11:18PM

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Comment author: gwern 12 August 2010 10:13:17AM 1 point [-]

'But Dietrich is more concerned that companies will fail to analyze the petabytes of data they do collect. When she met with the pharmaceutical company about its portfolio management strategy, for instance, the executives explained how they allocated spending according to their estimates of how likely each project was to succeed. “I asked them if they ever checked to see how well the estimates matched their results,” she says. “They never had.”'

http://www.technologyreview.in/computing/24967/page3/