Will the accuracy of election predictions push big data into mainstream consciousness?

OldHippie

It was pretty impressive how closely the presidential election results matched the models. Little kids are probably running around with calculators pretending to be Nate Silver, "Look mommy! I'd a data scientist, and I can predict the future."

Do you think the accuracy of the pre-election predictions (the math and data ones, not the talking head pundit ones), and the surprising amount of ink that generated will make big data a household word?

Topic: Big Data
Answer this Question

Answers

2 total
henyfoxe
Vote Up (2)

Somewhat, perhaps, although I don't know if most people will actually use or recognize the terms big data or data analytics.  Nate Silver's Five Thirty Eight blog at the NYT, which you referenced, accounted for something like 20% of the NYT's site traffic on the day before the election, so people are clearly interested in the results.  However, I'm not sure that most people even realize that Silver is not a pollster and that he was "simply" running data from polls through his mathematical model to reach an objective "best guess".  What is more likely is that people who saw how useful analytics can be will want to integrate it into their businesses.  The trick is figuring out what to measure, where to get the data, and finding someone who has the ability to develop models that give meaningful results.  I wouldn't be surprised if some consultants are looking over their shoulders, wondering how much longer they can pretend to read the tea leaves while offering up subjective "solutions" to business clients now that there is an objective alternative on the rise. 

jimlynch
Vote Up (2)

No, though it would certainly be nice if it did. Alas, I don't think most voters will really ever understand or care about it. But they may get used to having the information for each future election, and that's still a pretty good accomplishment.

Ask a question

Join Now or Sign In to ask a question.
Facebook’s founder turned 29 on Tuesday and the party may still be going on
Experts within and outside government IT stress the role the private sector must play in helping cash-strapped federal agencies find order in their growing stockpiles of data.
Open data initiatives are all the rage among governments around the world, meaning the answers to lots of interesting questions are at your fingertips
A recent survey by Forrester found that 7% of IT executives and 9% of business leaders feel they have gained a true return on investment from big data. That means there's a lot more business can be doing to glean insights from the massive amount of data that's potentially available to them.
Among the interesting Twitter tidbits: New York City users are the most retweeted.
Big data is poised to help marketers reach and engage customers and prospects in ways that businesses are only now starting to understand. Enterprises that don't embrace analytics may soon see embattled customers voting with their wallets.
The Donald wants FundAnything to be like Kickstarter, only gaudier
Many companies are focusing their big data initiatives in areas like sales, marketing, customer service and R&D, but other functions like logistics or finance may offer even greater ROI.
If you like access to government data, like petition signatures or broccoli crop yields, the White House has got you covered
MapR uses the LucidWorks Search while Cloudera releases its SQL-compliant Impala.

White Papers & Webcasts

See more White Papers | Webcasts