Plain words, uncommon sense

Tag: business

Millennials Are Not Aliens by Gui Costin | Book Review

Reviewed by request. And I really enjoyed it.

Gui Costin is the founder and CEO of Dakota, an investment services company, and this is his take on how to sell to millennials.

Millennials Are Not Aliens is a super fast read with lots of information for investment firms looking to better understand the millennial customer base, which makes up over 30% of the world’s population.

Let me give you another stat. Millennials are the under 40s, there are about 2.5 billion in this demographic, and they are projected to control $24 trillion of the world’s wealth by 2020. This is a tech-driven generation whose buying habits are different than GenX or Baby Boomers. These are not the kids in college, ok well some still are, but really these are the 22-37 year olds who are running companies and working in management positions now.

If you’re running an investment firm then Gui’s book is a quick look at the changes happening in this industry, the considerations you need to have for today’s buyer, and how to operate in the content economy.

Great quick read. If you’re knowledgeable about digital then this might be a pass, but if you’re running a firm and sending emails with PDF attachments and have no video strategy and a lame website with limited copy then … well get on it.

Buy the Book at guicostin.com

Outnumbered by David Sumpter | Book Review

Disclaimer: Thanks to the kind folks at Raincoast Books for providing me with a review copy of this mind-bender.

Description: Sumpter’s book is a fascinating look at how algorithms rule our world and where they go wrong. I’m a huge fan of Kevin Slavin’s 2011 TED Talk on this same topic. And David Sumpter, Professor of Applied Mathematics, brings readers an up-to-date look at the algorithms behind recent election polls, sports and betting (soccermatics), targeted advertising, and the filter bubbles (echo chambers) that inform our world view, whether that’s what’s of interest according to our Facebook News Feed or Netflix, or what research is noteworthy according to Google Scholar.

In each chapter, Sumpter re-creates and unpacks a different algorithm or application of technology. He interviews various key players or the people behind the technology, and poses some open-ended questions about the might or validity of the stats.

It’s math and morals. It’s a look at data and how much (or how little) we should rely on it.

Favourite Moment: The opening chapter is “Finding Banksy” and Sumpter looks at the 2016 research methods used to pinpoint the identity of Banksy based on the location of his street art. What I like about this chapter is that it’s representative of the others in the book. There’s a look at the challenge, how math and stats are applied to address the challenge, and then a look at the limitations. In this case, it’s a cool application of geo-location data and spatial statistics, but it also spoils the fun and intrigue around Banksy. The more sinister application of this is how statistical advice on the identity of criminals or terrorist may be used by police forces, or how your own movements may be tracked and stored in law-enforcement databases and used to predict your future behaviour.

Perfect Read for fans of The Filter Bubble by Eli Pariser and Weapons of Math Destruction by Cathy O’Neil. If you like science, technology, and statistics, this book is for you. Or if you are interested in the moral, legal, and ethical aspects of how these technologies are built and the ways they inform our decisions, then you’ll get a healthy dose of scepticism along with a deeper understanding of how the math and stats are applied to everyday scenarios.

 

Published by Bloomsbury
Follow David Sumpter at http://www.david-sumpter.com/

Read the Book

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