Saturday, September 08, 2007

"According to a new book by Ian Ayres, an econometrician and law professor at Yale, this is a microcosm of a powerful trend that will shape the economy for years to come: the replacement of expertise and intuition by objective, data-based decision making, made possible by a virtually inexhaustible supply of inexpensive information. Those who control and manipulate this data will be the masters of the new economic universe. Ayres calls them "Super Crunchers.""

"Evidence-based medicine, the use of statistical models to guide diagnoses and treatment, is already changing how doctors practice. "Many physicians have effectively ceded a large chunk of control of treatment choice to Super Crunchers," he writes, and the trend will continue despite understandable resistance from the profession. No one wants to throw away a lifetime of specialized training and experience."


Post a Comment

<< Home