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From Computerworld Before companies can profit from big data, they often must deal with bad data. There may indeed be gold in the mountains of information that firms collect today, but there also are stores of contaminated or “noisy” data. In large organizations, especially financial institutions, data often suffer from mislabeling, omissions, and other inaccuracies. In firms that have undergone mergers or acquisitions, the problem is usually worse. Contaminated data is a fact of life in statistics and econometrics. It is tempting to ignore or throw out bad data, or to assume that it can be “fixed” (or even identified) somehow. In general, this is not the case. I have been studying and writing about how to clean up and optimize data for big data analysis since the early 1990s. At this point I am forced to concede that figuring out how to clean, transform and recast real-world data to … Read More »The post How bad data can lead to good decisions (sometimes) — Roger M. Stein appeared first on MIT Sloan Experts. Read the full post >
Otto Scharmer shares what you can do for a few hours each day to revolutionize your brain — Otto Scharmer
From The Huffington Post Arianna sat down with Otto Scharmer, chair of The Presencing Institute, on HuffPost Live at Davos on Saturday, where he discussed the impact of mindfulness practices on brain plasticity. “Even a few hours of mindfulness practice actually can change the epigenetic structure of our brain,” Scharmer said. Scharmer said he has seen “an exploding awareness” for mindfulness, especially among business leaders. “The fast-paced lifestyle is really… more and more disconnecting us,” Scharmer said, noting people are looking for a way to connect with themselves. In addition to mindfulness practices, Scharmer said being a good listener can improve quality of life. “What I’m surprised by… is how fast you can change your quality of listening,” Scharmer said. Scharmer said listening is “at the root of everything.” He said there are four types of listening, two of which many are already familiar with — listening where “we attend to what … Read More »The post Otto Scharmer shares what you can do for a few hours each day to revolutionize your brain — Otto Scharmer appeared first on MIT Sloan Experts. Read the full post >