The document discusses several topics related to data analytics and AI including low-code/no-code platforms growing rapidly, quotes about data, and a story from WWII about a mathematician named Abraham Wald who realized the areas of planes without bullet holes indicated where additional armor was needed since those planes did not return from missions. The key insight was that the data missing can be more important than the data present.
3. What is the Most
Disruptive Trend of
2021!?
Low Code No Code
Forrester predicts that the low-code market will grow 40% annually
to $21 B by 2022, while Gartner forecasts that low-code application
platforms will account for 65% of all app development by 2024".
More here
5. During World War II, 鍖ghter planes would come back from battle
with bullet holes.
The Allies found the areas that were most commonly hit by
enemy 鍖re. They sought to strengthen the most commonly
damaged parts of the planes to reduce the number that were
shot down.
A mathematician, Abraham Wald, pointed out that the perhaps
there was another way to look at the data. Perhaps the reason
certain areas of the planes weren't covered in bullet holes was
that planes that were shot in those areas did not return. This
insight led to the armor being re-enforced on the parts of plane
where there were no bullet holes.
The story behind the data is arguably more important than the
data itself. Or more precisely, the reason behind why we are
missing certain pieces of data may be more meaningful than the
data we have.
More Here
Great share by Damien O'Connor.
Sometimes the #data we DONT have says more
about reality than the data we have!