mobile hair stylist what unnatural hair color is right for me quiz hair extensions sale seta hair couture micro point hair thickening in india lace front wigs hair pins for buns balmain hair extension gun hair extensions sale pick and drop braids on natural hair can you wear your hair up with hair extensions cheap hair extensions
Wisdom Archives - Mark Reynolds

Tag: Wisdom

 

This Digital Transformation Web Site and Blog

[updated May 17, 2018] DigitalTransformation.Engineer This www.DigitalTransformation.Engineer website and blog site is a personal creation; a personal labor-of-love project. Through this site and these blogs, I hope to shed a little light on the evolving industry – software, analytics, machine learning, and the digital oilfield. The software, analytics, and digital oilfield landscape has changed in the past few years and I’ve been blessed to be a part of it. Background In 2010-2011, we were undertaking the 24-7 operations center. AtRead More …

Thoughts on Data Mining

Data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information (see prior blogs including The Data Information Hierarchy series). The term is overused and conjures impressions that do not reflect the true state of the industry. Knowledge Discovery from Databases (KDD) is more descriptive and not as misused – but the base meaning is the same. Nevertheless, this definition of data mining is a very general definitionRead More …

Predictive Analytics

Predictive analytics is used in actuarial science, financial services, insurance, telecommunications, retail, travel, healthcare, pharmaceuticals and other fields (Wikipedia). But operations – manufacturing, processing, etc., have been a little slower to encompass the concept. A drilling engineer friend of mine says “just put my hand on the brake lever and I’ll drill that well”. He probably can, but few of the rest of us can, or want to. We want to see operating parameters, performance metrics, and process trends. AllRead More …

The Value of Real-Time Data, Part 2

Previously, predictive analytics was summarized as “system anticipates” (http://profreynolds.wordpress.com/2011/08/31/the-value-of-real-time-data/). But that left a lot unsaid. Predictive analytics is a combination of statistical analysis, behaviour clustering, and system modeling. No one piece of predictive analytics can exist in a vacuum; the real-time system must be statistically analyzed, its behaviour grouped or clustered, and finally a system modeled that can use real-time data to anticipate the future – near term and longer. Examples of predictive analytics in everyday life include credit scores,Read More …

The Data-Information Hierarcy, Part 3

The Data-Information Hierarchy is frequently represented as Data –> Information –> Knowledge –> Understanding –> Wisdom. Or it is sometimes shortened to 4 steps, omitting Understanding. But, in fact, there are two predecessor steps: chaos and symbol. These concepts have been discussed in prior blogs (http://profreynolds.wordpress.com/2011/01/31/the-data-information-hierarcy/ http://profreynolds.wordpress.com/2011/02/11/the-data-information-hierarcy-part-2/). Chaos is that state of lack of understanding best compared to the baby first perceiving the world around him. There is no comprehension of quantities or values, but a perception of large and small. Symbol (orRead More …

Real-Time Data in an Operations/Process Environment

The operations/process environment differs from the administrative and financial environments in that operations is charged with getting the job done. As such, the requirements placed on computers, information systems, instrumentation, controls, and data is different too. Data is never ‘in balance’, data always carries uncertainty, and the process cannot stop. Operations personally have learned to perform their job while waiting for systems to come online, waiting for systems to upgrade, or even waiting for systems to be invented. Once online, systemsRead More …

Knowledge as an Asset

This is the information age. So we are deluged with information (and sometimes just data). Organizations are only now beginning to grasp the fundamental concept of Knowledge as an Asset. What constitutes the knowledge asset? “Unlike information, knowledge is less tangible and depends on human cognition and awareness. There are several types of knowledge – ‘knowing’ a fact is little different from ‘information’, but ‘knowing’ a skill, or ‘knowing’ that something might affect market conditions is something, that despite attemptsRead More …

The Data-Information Hierarcy, Part 2

Data, as has been established is the organic, elemental source quantities. Data, by itself, does not produce cognitive information and decision-making ability. But without it, the chain Data –> Information –> Knowledge –> Understanding –> Wisdom is broken before it starts. Data is recognized for its discrete characteristics. Information is the logic grouping and presentation of the data. Information, in a more general sense, is the structure and encoded explanation of phenomena. It answers the who, what, when, where questions (http://www.systems-thinking.org/dikw/dikw.htm)Read More …

The Data-Information Hierarchy

(originally posted on blogspot January 29, 2010) I see much internet attention given to the data –> information –> knowledge –> understanding –> wisdom tree. Most will omit the step of understanding. Many will overlook data or wisdom. But all five stages are required to move from total oblivion to becoming the true productive member of society that pushes us forward. To paraphrase, “it is a process”. “The first sign of wisdom is to get wisdom; go, give all youRead More …