Vocabulary 2020-07-10

The Rise of Data Capital
Data as Asset

I will explain it a little bit more in detail.

Not only algorithms but also the data itself
data driven model approach
bits surpass atoms

They’re literally throwing away pearls of wisdom because nobody is looking at the data.

fungible (austauschbar)

uncertainty (Ungewissheit)

disrupting the traditinal markets
incumbents (Etablierte, Amtsinhaber)

competitive

Principle 1: Data Comes from Activity
But not all that glitters is data gold; some activities
are more valuable than others.

Principle #2: Data Tends to Make More Data
flywheel effect

Principle #3: Platforms Tend to Win
network effects

cloud solutions

Data Equality

Capturing and keeping data in its original shape and format requires diverse data management technologies working together seamlessly.

Data Liquidity

Get the data you want into the shape you need for the task at hand with minimal time, cost, and risk

Data Security and Governance

nudge (Schubs, Anstoß, Stupsen)

Data-driven tailoring
Internal data marketplaces
Data nudges
Data services

Only using 5% of their data lake

data vs information vs knowledge vs action

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order (Auftrag)
hidden agenda
restricitons, requirements, conditions

break the rules
violate the rules

provide
offer

for a short time

she doesn’t care at all
she doesn’t give a f.

black lives matter

baby boomers
The generation is generally defined as people born from 1946 and 1964

decapitated (geköpft)
„The Warriors“ is preferred
„The Warriors“ is shortlisted
narrowed down

pour oil on the fire
replacing one evil with another
fighting fire with fire

reviewed

rifles
machine guns
pistols

Bring A Knife To A Gun Fight

come to a gun fight with knives
bring a knife to a gun fight
take a knife to a gunfight

To enter into a confrontation or other challenging situation without being adequately equipped or prepared.

https://en.wiktionary.org/wiki/bring_a_knife_to_a_gunfight

Movie Quotes

• Untouchables (1987)

• The Punisher (2004)
• Indiana Jones and the Kingdom of the Crystal Skull (2008)
• … and some more

When to Bring a Knife to a Gun Fight

Westcoast
subtle (subtil)
subtly #adverb#

FIFO First In First Out
Stack of Jobs

Capacity

That would be all

Schimmel: mold (AE), mould (BE), mildew

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