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Models and Algorithms

December 13th, 2004

Most are familiar with the old tune about Moore’s law, that density on microchips can double every 18 months (and hence, double the processing power). Cost of data storage is also spiraling downwards, though probably even faster than the increase in processing power. What hasn’t changed in a similar order of magnitude in the last 20 years is the speed with which algorithms can actually process data. I believe that we’ll begin to see an increase in usage of algorithms or models generated for use in one domain being applied for use in another domain. There is an interesting article in MIT Technology Review about how earthquake models have been applied to the distribution and sale of books. You can find the full text here.

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