How smart is your algorithm?
Tea and Talent – 08/10/2020
How smart is your algorithm?
Big data and smart algorithms that can predict what you are going to do before you even know it yourself… We have all heard these success stories about the world of big data analytics. But are big data and smart algorithms really the solution to all problems?
In this workshop we will dispel the myths surrounding big data analytics, bringing it back to earth, and paint a realistic picture what big data analytics can and cannot do, and how it can (or cannot) benefit your organisation. Building on our extensive expertise in developing smart algorithms, and tuning them towards specific economic and business contexts, we discuss what makes an algorithm “smart”, and show examples how even the smartest algorithm can act very stupidly if applied incorrectly. Together with the participants we explore what big data analytics could do for their work. At the end of the workshop the participants will have a taste of what big data analytics actually involves, and a clear sense of what they can, and should not, expect of big data analytics for their organisation.
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Tea & Talent
This video was recorded from a Afternoon Tea & Talent session with Stephan Smeekes and Etienne Wijler on October 8, 2020. Conveniently timed at the tail of your working day, our Afternoon Tea & Talent events allow you to join us online for one hour of interaction and inspiration. Prepare your cup of tea and enjoy an informal conversation with our university experts on a preselected business topic.
RELATED EXPERTS
Stephan Smeekes
Associate Professor in Econometrics
Etienne Wijler
Postdoctoral Researcher in Econometrics
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