Tag: wikid

Calculus for Dummies and Capitalists

On September 20, 2010

Mathematics Dysfunction Disorder

I am continuously astonished at the reactions I get from people every time I make a reference to mathematics, especially Calculus. Most people politely glaze their eyes over and stare at an inanimate object somewhere behind my head. Others launch into a diatribe of how the linear thinkers destroyed the world in the first place. Others will simply say, “I have [insert Deficit Dysfunction Disorder here]”

Puzzled by Limits? Perplexed by derivatives?

The truth of the matter is that everyone already knows Calculus, they solve differential equations all day long – they just don’t know that they already know what I’m talking about. If you take away all the strange terms, squiggly lines, and alphabet soup notation,….

Calculus is astonishingly simple

The Banker does not care about money, he cares about the rate of change of money.
The Stock Market does not care about risk, it cares about the rate of change of risk
The Politician does not care about votes, they care about the rate of change in votes
The Meteorologist does not care about weather, she cares about the rate of change in weather
The Pilot does not care about lift, they care about the rate of change of lift
The Gymnast does not care about motion, she cares about the rate of change of motion
The Artist does not care about color, he cares about the rate of change of color
The Doctor does not care about your health, she cares about the rate of change in your health
The Baker does not care about dough, they care about the rate of change of dough
The Farmer does not care about crops, he cares about the rate of change of crops
The Scientists does not care about data, they care about the rate of change of data
Google does not care about information, it cares about the rate of change of information
Entrepreneurs do not care about knowledge, they care about the rate of change of knowledge
Markets do not care about innovation, they care about the rate of change of innovation
Our children do not care about our wisdom, they care about our rate of change of wisdom

When people can learn how to understand what they are really doing in instead of what they think they are doing, then and only then, will we be able to see, and subsequently, build the next economic paradigm. That is why I use mathematics and that is when Social Media Becomes a Science

The Capitalist does not care about value, they care about the rate of change of value

The Next Google

By Admin

On July 30, 2010

In General Information

Everyone wants to know what “The Next Google” is. From WIKiD Tools, the answer should be obvious: Google is an information company. Their stated objective is to organize the World’s information. The next element up the human development ladder from the Information Economics rung is Knowledge Economics rung. Therefore, the next “Google” will deploy technology that can organize the World’s knowledge.

A State of Mind

Unfortunately, knowledge can only exist inside the minds of people, so consequently, “The Next Google” must also engage in the messy task of organizing the World’s people as well as the knowledge contained in each one of them. Not an easy task in dog-eat-dog Global Market Capitalism.

The Facebookie

At first, it seems that Facebook may be converging on this – they are certainly trying. The problem with Facebook’s approach is that they continue to insist that Market Capitalism is valid (obviously preparing for the killer IPO) when they should be pioneering the hedge fund called “Social Capitalism”. Facebook continues to bank on the suggestion that people really really want to share their personal details and will tolerate invasion by armies of anonymous data miners in order to do so. Facebook’s best shot may be for one of their gaming currencies to become a black market currency so that when the dollar collapses, people would gladly sell their privacy in exchange for food.

Since a gaming currency can only be created by people performing frivolous tasks, at best, gaming currencies – phenomenal growth or not – are no more robust than the dollars it seeks to displace. Sustainability? Uh, no.

Anonymity rules

Think about it this way. Real human productivity is stored in a dollar bill; otherwise nobody would “work” for it. The recipient does not know or care if the dollar bill was last used by someone to buy cigarettes or Girl Scout cookies. The dollar bill is completely anonymous. Likewise, value is stored in the brains of every living person – there is no need to know who they are until the transaction is exercised and profits are distributed. Everything else is unnecessary invasion of privacy and certainly not something to build a currency around let alone the next economic paradigm. The Next Google will treat people like the currency, not ‘like’ the Girls Scout Cookies.

The “Next Google” will be a percentile search engine that will return odds – or probabilities – based on an anonymized public knowledge inventory. Search results will predict the likelihood that any combination of knowledge assets can produce or execute any combination of products or services at a known cost based on the supply and demand for those known knowledge assets. End of mystery.

Everyone can now make their bets and play their games with real productivity because, in effect, the percentile search engine will match most worthy knowledge deficit with most worthy knowledge surplus and throw the rest of it in the trash bin.

The only thing people want to know is what they want to know, and nothing else. Now that’s what real productivity is made of, that is what real money is made of.

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The Ingenesist Project specifies an Innovation Economy built on a platform of social media as the next economic paradigm. 60 minute solo presentation in the advanced technical track. Your help is deeply appreciated. All comments welcome. Material based on video series here

WIKiD Tools; A Futures Methodology

By Admin

On June 2, 2010

In General Information

The forecasting methods that we are developing at the Ingenesist Project have become sufficiently vetted and organized that I have decided to formalize them for review by others. The “WIKiD Tools” method is fairly simple to describe and demonstrate, but be assured, it is a powerful method for predicting futures outcomes.

WIKiD stands for:

Wisdom > Innovation > Knowledge > Information > Data

All five of these elements are related to each other – in fact, each is derived from the prior element by integrating the tools of that medium. For example information is derived from data by integrating the tools of the data medium. Knowledge is derived from information by integrating the tools of information medium, innovation is derived from knowledge by integrating the tools of the knowledge medium, etc.

Likewise, if I want to predict innovation, I look for high rates of change of knowledge in it’s medium….and so on for all five elements as needed.

The chart below helps demonstrate the WIKiD Tools methodology.

The Hunter-Gatherer

About 50,000 years ago humans sustained themselves in a hunter gather economy. They would wander for food to eat and fuel to stay warm. Eventually they invented tools to trap their game and chop down trees so they no longer needed to expend as much energy and could remain relatively stationary.

The Agrarian

This led to the agrarian economy, the formation of towns, and the division of labor. A leisure class emerged to engage in philosophy and explore nature. New ideas were explored and the “scientific method” of observation and experimentation was invented

The Data Economy

With the invention of interchangeable parts in manufacturing, the industrial revolution became the dominant era of economic activity. The idea of industrialization separated production from assembly of parts. This allowed for greater efficiency and precision.

The Information Economy

The Industrial revolution generated a lot of Data and the invention of the integrated circuit turned these data into information – we now look back at the 60’s and 70s as the information age.

The Knowledge Economy

Widespread use of computers allowed humans to process the information in creative and unique ways – we now call this the knowledge economy.

Since there were many eras prior to this, we can expect that there shall be many eras following this – so we ask the question “what comes after the knowledge economy?

When we apply the WIKiD Tools Methodology:

We can say that each new era was derived from the prior era by integrating the tools developed during the prior era. We have seen the data economy in the industrial revolution, we have seen the information economy with Invention of the Integrated Circuit, We are in the midst of the knowledge economy with the advent of the Internet.

The next economic paradigm:

Now the tools of the Computer, software, and Internet connectivity are integrating around social media. From this we predict that an innovation economy will emerge by integrating the tools of the knowledge economy, specifically social media, mobile devices, software, hardware, and the internet.

The Wisdom Economy

Looking far far into the future, we can predict that the wisdom economy will emerge from an integration of tools developed in the innovation economy. The wisdom economy – with or without the current financial system – will have the greatest likelihood of achieving a sustainable human presence on Earth. Consequently, failure to achieve the wisdom economy presents an equally predictable outcome.

The Next Economic Paradigm