Big data--which powers everything from Netflix recommendations to fraud alerts--is changing the way we live. But is that a good thing? In the latest Pew Internet/Elon University survey , 53% of a handpicked group of “Internet experts, observers and stakeholders“ said big data would produce an overall positive effect by the year 2020. Meanwhile, 39% said it would have an overall negative effect (8% didn’t answer). Many who said big data would have a positive influence on the future pointed to its potential to solve diverse problems.
The following excerpt is reprinted with permission from Rise: 3 Practical Steps for Advancing Your Career, Standing Out as a Leader, and Liking Your Life by Patty Azzarello, copyright © 2012. Published by Ten Speed Press, an imprint of the Crown Publishing Group.
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My father-in-law Don McFadden told me a story about a big mistake he once made. He bought an apartment building in his city and borrowed most of the money to do it. After he took ownership, he learned that many of the tenants were moving out and there was no way to stop them, because they had never signed leases. He was facing an emptying apartment building and a large monthly mortgage payment – a bad combination. Worse, he got surprised: he hadn’t done the research to know that it was coming. S o, how did it turn out?
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