“The more data we have, the more likely we are to drown in it.” — Nassim Taleb, Fooled by Randomness
“The combination of some data and an aching desire for an answer does not ensure that a reasonable answer can be extracted from a given body of data.” — John Tukey, Exploratory Data Analysis
“The bombardment of pseudo-realities begins to produce inauthentic humans very quickly, spurious humans — as fake as the data pressing at them from all sides.” — Philip K. Dick, How to Build a Universe That Doesn’t Fall Apart Two Days Later
It labeled the reactions the two carriers and consumer activist groups as predictable. As expected, the big telecoms said that it was a defeat for consumers and true competition while the consumer activist groups claimed a victory for consumers and competition. If the truth lies somewhere in the middle, consumers have not gained or lost anything, competition remains unchanged and the FCC has succeeded in adjusting the legislative landscape to account for the increasing importance of data.