Digital Musings

  • Home
  • Archives
  • Profile
  • Subscribe
My Photo

Recent Posts

  • Promenez-vous dans nos régions à la découverte des écrivains.
  • Dans l'ombre de Christophe Colomb, préface à la réédition du Journal de Bord de Juan de la Cosa
  • Search, exploration and discovery will never be the same!
  • De la créolisation en lieu et place de la disruption
  • D'or et d'airain: Méditations numériques
  • Disruption? Créolisation?
  • Visualisation bibliothécaire en action: DICE
  • Graph test
  • The Digital Gilded Age: Warren Buffett, Kendall the $1bn Chimp and the Loch Ness Monster
  • The Digital Gilded Age: On Purple Cows and Dead Dwarfs

Contact

Promenez-vous dans nos régions à la découverte des écrivains.

En cette période de réclusion forcée, pourquoi ne pas emprunter les pas des écrivains de nos régions.

S'évader un peu sans sortir.

A vous de parcourir la Carte_Ecrivains

Merci aux Editions Alexandrines pour leur inlassable et magnifique travail éditorial!

 

March 26, 2020 at 07:24 PM | Permalink | Comments (0)

Dans l'ombre de Christophe Colomb, préface à la réédition du Journal de Bord de Juan de la Cosa

Download Préface_Juan_Cosa

Capture d’écran 2020-02-02 à 14.30.58

 

February 02, 2020 at 02:47 PM | Permalink | Comments (0)

Tags: aventure, business plan, cartographie, Colomb, découverte, entreprise, inconnu, mensonge, navigation, équipage

Search, exploration and discovery will never be the same!

Have a look at http://www.business-vox.com/search?_locale=en 

Enjoy!

 

ExploViz_BiblioGraph

December 18, 2018 at 12:38 PM | Permalink | Comments (0)

Tags: algorithms, data, digital library, e-books, machine learning, visualization

De la créolisation en lieu et place de la disruption

D'or et d'airain Or_et_Airain

January 27, 2017 at 10:25 AM | Permalink | Comments (0)

Tags: créolisation, disruption

D'or et d'airain: Méditations numériques

20170117_140022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nous embrassons un capitalisme du gigantisme digital. Souvent aveuglément, toujours avec embarras.

Les mots et expressions que nous employons en disent long sur la violence de notre relation à la prospérité numérique : « destruction créatrice », « disruption », « darwinisme digital », « uberisation », « big data », « monétisation », « the winner takes all »...

C’est finalement une bien étrange métallurgie que celle qui, à l’or des mots, préfère l’airain des néologismes bricolés à la hâte.

Et si nous méditions sagement notre rapport au monde digitalisé ?


La libre et instructive promenade que guide Éric Briys nous invite à flâner avec un historien, à faire l’école buissonnière, canif en poche, à reprendre le chemin de la bibliothèque, à apprendre à éplucher une banane, à franchir le Cap de Bonne-Espérance, à écrire de la twittérature, à converser avec les robots, à prendre le pouls de la classe moyenne.... et à ne plus confondre l’or et l’airain pour, enfin, agir.

January 18, 2017 at 12:03 PM | Permalink | Comments (0)

Tags: bibliothèque, capitalisme, classe moyenne, Facebook, Google, gratuité, Internet, inégalités, livre, mazon, maîtres de forges, Nassim Taleb, numérique, petites poucettes, Twitter

Disruption? Créolisation?

Tout_Est_Lié

January 04, 2017 at 06:58 PM | Permalink | Comments (0)

Tags: bibliothèque, créolisation, destruction créatrice, digital, disruption, Edouard Glissant, Internet, maîtres de forges numériques, MOOC

Visualisation bibliothécaire en action: DICE

 

 

September 26, 2016 at 04:29 PM | Permalink | Comments (0)

Tags: bibliothèque, Cyberlibris, Dataviz, DICE, digital, e-books, library, numérique

Graph test

Download ForceNetworkD3_2016-05-23_16h04m16s

May 26, 2016 at 02:43 PM | Permalink | Comments (0)

The Digital Gilded Age: Warren Buffett, Kendall the $1bn Chimp and the Loch Ness Monster

Every year, Warren Buffett, the Sage from Omaha, delivers his Annual Letter to Berkshire Hathaway shareholders. What is so special about it? After all, tens of thousands of companies do the same. Each one produces an annual report with a letter to shareholders giving investors an account of how their corporation performed in the previous year and what lies in the pipe for the forthcoming year.

Of all those letters, the one that excites the most interest is the annual missive from the Sage of Omaha, Warren Buffett, whose iconoclastic approach to running a company has made Berkshire Hathaway Inc.'s class A shares the most expensive stock in America. For instance, the 2015 Letter is pure Buffett:

"I've mentioned in the past that my experience in business helps me as an investor and that my investment experience has made me a better businessman. Each pursuit teaches lessons that are applicable to the other. And some truths can only be fully learned through experience. In Fred Schwed's wonderful book, Where Are the Customers' Yachts?, a Peter Arno cartoon depicts a puzzled Adam looking at an eager Eve, while a caption says, "There are certain things that cannot be adequately explained to a virgin either by words or pictures." If you haven't read Schwed's book, buy a copy at our annual meeting. Its wisdom and humor are truly priceless."

Note that Buffett does not offer Schwed's book, shareholders have to buy their own copy, no small profit!

In another letter Buffett told Berkshire shareholders that Ajit Jain, who runs Berkshire reinsurance operations, wrote a rather unusual insurance policy. Indeed, in 2003 PepsiCo promoted a drawing that offered participants a (slim) chance to win a $1 billion prize. After multiple numbers-based games of chances and progressive eliminations, a single individual stood in the race facing the ultimate challenge. The six-digit number he was carrying had to be perfectly matched by the random drawings made by a 4 year old chimp named Kendall.

Despite the incredibly low odds, Pepsi management was worried that somebody might hit the jackpot. Hence, it decided to find somebody to lay off the risk. And, guess what, Berkshire issued a policy for the whole risk (as a matter of fact, the risk was less than $1 billion as the prize was to be paid over yearly installments, namely a present value of $250 million). The drawing was held on September 14th, 2003 and you can imagine that Jain and Buffett were holding their breadth while Kendall the chimp was carrying its duty. Fortunately for Berkshire, nobody won!

This story is not only interesting per se but also because it raises the question of whether you can trade away any type of risks. In the sixties, Kenneth Arrow and Gérard Debreu, two Economics Nobel laureates, came up with the so-called complete markets model where any event can be spanned by a security yielding a $1 payoff upon the occurrence of that event and none in case of no-occurrence. In Kendall the chimp case, Berkshire issued one billion of them paying $1 each if Kendall drawings were to match the finalist numbers. Real life is obviously far from this abstraction. But, as Buffet's example shows, market creativity tends to reduce the gap between the theoretical Arrow-Debreu world and reality.

This reminds me of the late Karl Borch story about the Loch Ness monster. Karl was a first-class economist and a true gentleman. He dedicated his entire life to the study of insurance and the economics of uncertainty. One of his pet example of an Arrow-Debreu market was that of Scottish whisky distillery Cutty Sark that had promised one million pounds for the capture of the Loch Ness monster. The distillery was fearing that, despite the low odds, somebody might succeed. Lloyd's of London did not shy away. Its underwriters issued a policy to cover the risk! The policy required the payment of a £ 2,500 premium. It covered the period 1st May 1971 to 30th April 1972. The monster was to be captured alive. It spelled the following extra conditions:

"As far this insurance is concerned, the Loch Ness Monster shall be: 1/ in excess of 20 feet in length, 2/ acceptable as the Loch Ness Museum to the curators of the National History Museum, London. In the event of loss hereunder, the Monster shall become the property of the underwriters hereon."

What is the lesson, if any, to be drawn from this? Apart, of course, from the fact that Lloyd's underwriters are shrewd: They become owners of the Monster! The lesson is that, contrarily to a widespread belief, we do not suffer from an excess of markets. As a matter of fact, a simple look at daily life strongly suggests that we suffer from not having enough markets to fine-tune our exposures to daily contingencies. Think of your home: Real estate prices are volatile and your home is usually a major fraction of your wealth. Still, you have to live with the hard fact that your home may one day become a lot less valuable than it used to be. And, for that exposure, unlike the Loch Ness Monster case, you do not have any insurance available. Markets are missing. Worse, the available markets fail us when we badly need them. The recent crisis is a sad illustration of this costly failure.

Missing markets are another example of the "all or nothing society." Either you have access to them or you don't. In today digital economy the situation is even worse. Millions of people who made so far a decent living out of their services are now dis-intermediated without any compensation. Jaron Lanier, in his remarkable Who Owns The Future? Book, notes for instance that when we use automatic translation services, such as Google Translate, we naively believe that we are using some sort of state of the art polyglot AI algorithm. Nothing can be further from truth. As a matter of fact, we access a cloud made of millions of translation snippets written by real human translators that are constantly harvested over the Web. What we submit for translation is compared to material that was previously translated. That's how we get the translation results. The thorny issue is that in the course of doing so the original human translators do not get a penny for their work as Google does not pay them anything. We get value from the translation service, Google gets good advertising money but the source of the original value is expropriated. All or nothing at play again. Lanier rightly argues it does not have to be so. Worse it is unsustainable. Quoting Ted Nelson's pioneering work on hypertext, Lanier advocates a micro-payment market whose aim would be to remunerate the authors of "borrowed" information. Since everything is stored in the cloud and can be traced back to the original authors, it should not be that difficult to organize a market that will reward these authors for the use of their work. Redneck pirates will certainly object to this proposal as it collides with their information wants to be free leitmotiv.

But this leitmotiv is awfully myopic. Free in a digital economy invariably leads to Leviathans through increasing returns to scale. Free means long term impoverishment. We end up being unfairly swapped: Free means that we have to accept an Faustian swap à la Google, Facebook, Instagram and so on. The swap is odious as it expropriates millions of people who keep joining the ocean of wannabes while the Google, Facebook... superstars capture all the gains. This is simply an unsustainable social contract. The future is broken if we are not able to engineer the missing markets necessary to recapture and fairly redistribute the value that has been expropriated on an unprecedented scale.

Let's put this way. We suffer from two deadly diseases: Too many (poorly designed) buoyant markets and too many missing (to be designed) markets!

Let us work on curing them both. 

 

April 27, 2016 at 03:27 PM | Permalink | Comments (0)

The Digital Gilded Age: On Purple Cows and Dead Dwarfs

According to best-seller author, Seth Godin, you're either a Purple Cow or you're not. You're either remarkable or invisible. Make your choice.

Cows are boring. Purple Cows are not. Purple Cow is a metaphor for something very special, not another marketing trick. It is embedded into the service or the product. If you've never read a book by Seth Godin, the Purple Cow is a good start. Godin has an innate way of making you think out of the box: Don't expect something academic, expect good sense and a great sense of humor too. If you run your own business, I bet after reading the Purple Cow you will keep wondering whether your business is a purple cow, and if not, how to make it purple.

This reminds me of the interview of a German manager whose family had been manufacturing garden dwarfs for centuries. Some twenty years ago, it was his turn to run the show. At the time, he said he hated the idea: How can you be successful with girls, he said, when they realize that you're in the business of garden dwarfs! As you may imagine, even if there are more and more garden dwarfs aficionados (including French designer Philippe Stark who made a stool out of a dwarf), most people tend to laugh at people who put dwarfs in their garden. They find it ridiculous, ugly what have you...

Now, it turns out that our German manager loves dwarfs and has developed a deep understanding of the garden dwarf market. What did he do to fall in love with his heirloom? He made a bet. He introduced a brand new (rather unexpected) kind of dwarf. His firm designed a new breed of dwarfs: For instance, a dwarf that has been killed by the neighbor. Imagine a dwarf, lying down, face (and beard) on the ground, with a knife deep in his back. This dwarf made a killing. The firm has sold tons of them.

The assassinated dwarf is a kind of purple cow. The dead dwarf is a fun and astute way of generating cash-flows out of the love-hate feelings that garden dwarfs trigger. You hate them, show it, buy a killed one. You love them and want to make fun out of your neighbor who hates them, buy one too!

As the Japanese koan wisely puts it, "always look for what you seem to miss in what you have." Many Internet businesses these days are born from this form of paradoxical wisdom. For instance, you think you do not have a hotel room, but as a matter of fact you do have one or even several, at home! So do many people all over the world who make Airbnb success. You do not have a cab, but as a matter of fact, you do have one, your own car. So do many people all over the planet who use Lyft, Uber... You do not have a distribution channel, but as a matter of fact you do have one, our PC and your Internet connection. Again, attitude beats latitude!

April 27, 2016 at 03:25 PM | Permalink | Comments (0)

Tags: Digital

Next »

Categories

  • Albums jeunesse
  • Bibliothèque numérique
  • Bibliothèque virtuelle
  • Bloggingtools
  • Books
  • Business
  • Creative Commons
  • Current Affairs
  • Digitization
  • E-books
  • Economics
  • Education
  • Enfance
  • Entrepreneurship
  • Famille
  • Film
  • Financial markets
  • Food and Drink
  • Fun
  • Games
  • Globalization
  • History
  • Ideas
  • Law
  • Littérature
  • Livre numérique
  • Marketing
  • New economy
  • Politics
  • Religion
  • Science
  • Sciences humaines et sociales
  • Sports
  • Tags
  • technology
  • Travel
  • Venture capital
  • Web/Tech
  • Weblogs
  • Wine notes

Categories

  • Albums jeunesse (4)
  • Bibliothèque numérique (87)
  • Bibliothèque virtuelle (60)
  • Bloggingtools (7)
  • Books (77)
  • Business (76)
  • Creative Commons (6)
  • Current Affairs (14)
  • Digitization (29)
  • E-books (74)
  • Economics (70)
  • Education (52)
  • Enfance (8)
  • Entrepreneurship (23)
  • Famille (4)
  • Film (1)
  • Financial markets (34)
  • Food and Drink (2)
  • Fun (5)
  • Games (2)
  • Globalization (19)
  • History (10)
  • Ideas (47)
  • Law (9)
  • Littérature (10)
  • Livre numérique (74)
  • Marketing (14)
  • New economy (39)
  • Politics (4)
  • Religion (3)
  • Science (9)
  • Sciences humaines et sociales (18)
  • Sports (1)
  • Tags (2)
  • technology (25)
  • Travel (2)
  • Venture capital (1)
  • Web/Tech (10)
  • Weblogs (22)
  • Wine notes (3)
See More