Using data analytics can help companies and large organizations make predictions in myriad ways. This includes the possible reconstruction of a crime scene, predicting where crimes can happen based on historical data, predicting what consumers are likely to buy based on purchase history, determining risk for the borrower of a loan, and identifying the safest drivers on the road based on history, age, and geographical location.
- All right, let's see it. Yep, yeah, it's all here. I can see your future. You are going to lose to me in fantasy football this week. Predictions, they are nothing new. Back in the day, the Frenchman Nostradamus was famous for his how the world is going to end, hell, fire, and brimstone. But he had some other cool predictions too. Now, he also wrote in fancy, flowery language and, quite frankly, his work was vaguely worded.
So it's tough to accredit him with these correct predictions if you look at them with an investigative eye. Regardless, depending on which source you consult, Nostradamus has been credited with accurately predicting the bombing of Hiroshima in 1945, the space shuttle Challenger accident in 1986, and many, many more. Even now, people look to the starts for prophecies or go to tarot card or palm readers. I know you remember those Miss Cleo commercials. My parents love watching Hindi television.
There are so many commercials on there regarding numerology and astrology consultants. There is still a belief in horoscopes and fortune telling and the ability to predict the future. Many of which are completely anecdotal. Nowadays though, we also make many empirical predictions. Day traders in the stock market try to constantly read nuance charts, to see what they think the market will do. Political pundits go on TV and claim that they had their election predictions down to a percentage point.
Businesses make financial predictions based on performance statements. The list goes on and on. But here's the reality. It's impossible to perfectly predict the future. Downright impossible. You can get lucky from time to time, but that's a game of probability, not expertise. The reason I'm going on and on about this is because I have a fascination with the public's fascination with predictions. Let's explore that a bit further.