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jerryking : cultural_assumptions   2

The Philosophy of Data -
Published: February 4, 2013

Big Data carries with it carry with certain cultural assumptions — that everything that can be measured should be measured; that data is a transparent and reliable lens that allows us to filter out emotionalism and ideology; that data will help us do remarkable things — like foretell the future....some of the questions raised by the data revolution: In what situations should we rely on intuitive pattern recognition and in which situations should we ignore intuition and follow the data? What kinds of events are predictable using statistical analysis and what sorts of events are not? Two things data does really well are:
(1) expose when our intuitive view of reality is wrong.
(2) data can illuminate patterns of behavior we haven’t yet noticed.
cultural_assumptions  David_Brooks  massive_data_sets  data  critical_thinking  pattern_recognition  intuition  biases  measurements  assumptions 
february 2013 by jerryking
A conversation that translates
June 7, 2012 | The Financial Times pg. 14 | Philip Delves Broughton.
(Pass on to Abdoulaye DIOP)
For global companies, creating an approach to risk that resonates across cultures can be a challenge, writes Philip Delves Broughton

Risk is a risky word. Already prone to misinterpretation among people who share a language and a culture, the difficulties multiply dangerously when it moves across borders.

What a Wall Street trader might define as moderately risky may seem downright insane to a Japanese retail broker; what an oil pipeline engineer in Brazil might characterise as gung-ho may appear overcautious to his revenue-chasing chief executive in London....The greatest pitfalls in managing risk across borders, he says, emerge from assuming too much. When dealing with fellow English speakers, it is easy to imagine that a shared language means shared assumptions - that the English, Americans and Australians think the same thing because they are using the same words.... Tips for managing risk across borders

Context is more important than language. Understand what matters most in the markets where you are doing business. Is it the law, logic or maintaining relationships?

Every word comes with its own "metadata" in different cultures. Be as specific as you can and never assume you have been properly understood without checking for potential misunderstandings.
cultural_assumptions  risks  risk-management  Communicating_&_Connecting  globalization  organizational_culture  transactions  national_identity  Philip_Delves_Broughton  translations  assumptions  misinterpretations  contextual  metadata  specificity  crossborder  cross-cultural  misunderstandings  interpretation  conversations  risk-assessment  words  compounded  risk-perception  multiplicative 
september 2012 by jerryking

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