Dr. David Ferruci, the lead of Watson development, has left IBM to join a hedge fund, to apply artificial intelligence to macroeconomic modeling.
I particularly like the below comment by Dr. Ferruci, re. the current “Big Data” buzz:
“But in a purely data-driven approach, I can’t explain my decisions,” Dr. Ferrucci said. “People are so enamored with the data-driven approach that they believe correlation is sufficient.”
Once again, I prefer being “data informed” asop to “data driven”: correlation is not necessarily causalisation, despite what the “Big Data”-pushers might want to make you believe….