Human ingenuity and resilience in the face of adversity never cease to amaze me.
“Necessity is the mother of all invention” – Ben Franklin
Even in data driven decision making perception must be given consideration. But perception, being subjective and outside the realm of data, can also be leveraged.
One of my favorite dilemma’s: when do you stop? How much time do you invest in exploration before you execute in order to maximize ROI?
I’ve been reading a book that addresses this problem from a computer science perspective:
“Imagine you’re searching for an apartment in San Francisco, new listings go up and come down within minutes, open houses are mobbed, and often the keys end up in the hands of whoever can physically foist a deposit check on the landlord first. The would-be San Franciscan has to decide instantly either way: you can take the apartment you are currently looking at, forsaking all others, or you can walk away, never to return. The more information you gather, the better you’ll know the right opportunity when you see it—but the more likely you are to have already passed it by. So what do you do? Fortunately, there’s an answer.”
“A new analysis shows that we can expect 15 million new jobs in the U.S. over the next decade as a result of automation, mostly in software, engineering, design, maintenance, support, training, or another specific job area.”
The Drake Equation:
Used to calculate the statistical probability of extraterrestrial civilizations in the Milky Way galaxy theoretically able to communicate with us.
When people speak of a beautiful equation, I don’t know if this counts, but it’s certainly interesting.