Monday, June 26, 2017

Numbers Define Character - Data Mining


Very interesting quotes (without permission) from the article:
"It’s not whether you can pay. It’s a question of how important you see your obligation. The idea, validated by data, is that people who did things like double-checking their homework or studying extra in case there was a pop quiz are thorough and likely to honour their debts...One signal is whether someone has ever given up a prepaid wireless phone number. Where housing is often uncertain, those numbers are a more reliable way to find you than addresses; giving one up may indicate you are willing to disappear from family or potential employers. That is a bad sign...Workday, a company offering cloud-based personnel software, has released a product that looks at 45 employee performance factors, including how long a person has held a position and how well the person has done. It predicts whether a person is likely to quit and suggests appropriate things, like a new job or a transfer, that could make this kind of person stay...Jure Leskovec, a professor of computer science at Stanford, is finishing up a study comparing the predictions of data analysis against those of judges at bail hearings, who have just a few minutes to size up prisoners and decide if they could be risks to society. Early results indicate that data-driven analysis is 30 percent better at predicting crime, Leskovec said."

Additional reading:
  1. https://en.wikipedia.org/wiki/Upstart_(company)
  2. https://www.upstart.com/team 
  3. http://economictimes.indiatimes.com/news/international/world-news/upstart-how-companys-founder-paul-gu-uses-algorithms-to-judge-character/articleshow/48244905.cms

Published on
7/31/15, 9:28 PM
India Standard Time
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