Dr. rer. pol. Dirk Solte gfke 2014

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Dr. rer. pol. Dirk Solte session 4 gfke 2014

Big Data & Analytics
What are the perspectives?
PD Dr. Dirk Solte
FAW/n, Ulm
1

Opportunities & problems
Big potential for
• massive dematerialization
• green and inclusive growth
• total transparency
• technologically induced unemployment
Þ Huge challenge for politics
2

Big Data & Analytics
Decisions based on
• statistical evidence / correlation
• law of large numbers
Þ From causation to correlation
Þ Experience: Black Swans do exist!
3

Impact of KBC (OECD)
Productivity growth: 5% up to 10%
Þ -26,75 million up to -53,5 million jobs
Þ middle-class jobs at stake
Þ Opportunity: high-skill employment
growth
Þ up to 7 million new jobs? Or more?
Þ Challenge: how to fill employment gap?
4

Correlation argument
Statistical evidence, that
paradigm of creative destruction
remains true
Þ positive impact on employment
assumed
5

Challenge
• Massive growth of GDP
• Fair & balanced participation
• Current ecological footprint: 1.5 planets
Þ „Big transition“ required
6

Causation argument
Qualitative reasoning, that
• this time is different
• „technological unemployment“ (Keynes)
Þ negative impact on employment
assumed
7

Consequence
• Correlation argument suggests:
„run/dance with machines“
Þ stronger competition, rising unbalance
• Causation argument suggests:
„green & inclusive capitalism“
Þ towards balance & sustainability
8

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2nd Solid Symposium: Solid Pods vs Personal Knowledge Graphs

2nd Solid Symposium: Solid Pods vs Personal Knowledge Graphs

2nd Solid Symposium: Solid Pods vs Personal Knowledge Graphs

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Microsoft Azure Arc Customer Deck Microsoft

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"Boost Your Digital Presence: Partner with a Leading SEO Agency"

"Boost Your Digital Presence: Partner with a Leading SEO Agency"

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Dr. rer. pol. Dirk Solte gfke 2014

1. Big Data & Analytics What are the perspectives? PD Dr. Dirk Solte FAW/n, Ulm 1

2. Opportunities & problems Big potential for • massive dematerialization • green and inclusive growth • total transparency • technologically induced unemployment Þ Huge challenge for politics 2

3. Big Data & Analytics Decisions based on • statistical evidence / correlation • law of large numbers Þ From causation to correlation Þ Experience: Black Swans do exist! 3

4. Impact of KBC (OECD) Productivity growth: 5% up to 10% Þ -26,75 million up to -53,5 million jobs Þ middle-class jobs at stake Þ Opportunity: high-skill employment growth Þ up to 7 million new jobs? Or more? Þ Challenge: how to fill employment gap? 4

5. Correlation argument Statistical evidence, that paradigm of creative destruction remains true Þ positive impact on employment assumed 5

6. Challenge • Massive growth of GDP • Fair & balanced participation • Current ecological footprint: 1.5 planets Þ „Big transition“ required 6

7. Causation argument Qualitative reasoning, that • this time is different • „technological unemployment“ (Keynes) Þ negative impact on employment assumed 7

8. Consequence • Correlation argument suggests: „run/dance with machines“ Þ stronger competition, rising unbalance • Causation argument suggests: „green & inclusive capitalism“ Þ towards balance & sustainability 8