In this miniessay I delve into the historical and contemporary fears surrounding technological advancements, particularly AI. Drawing parallels to the Luddite movement of the early 19th century, I explore how concerns about job displacement persist despite ongoing economic progress.
In this economic analysis I highlight how AI productivity leads to lower prices and improved quality of life. However, the paradox arises when money, the common denominator for pricing goods, is subject to manipulation. While AI promises greater productivity and affordability, its potential is hindered by monetary expansionism
Discover the transformative power of compound interest in our latest article where we explore how churn reduction can significantly impact financial outcomes for business. How even a 1% reduction in churn can lead to a 110% increase in revenue for SaaS companies over time?
I explore the parallels between human cognition and AI language models. By comparing material-energetic influences with data-driven changes, I delve into the role of probability in shaping both human and machine thought processes. Using examples like the word association test from Skyfall, I illustrate how context and probabilistic predictions drive language models, offering insights into the workings of our own minds.
Churn is the rate at which customers stop doing business with a company. I describe how churn is detrimental due to revenue loss, higher customer acquisition costs, and potential damage to the company's reputation and long-term sustainability. I emphasize the importance of fixing churn to enhance customer lifetime value, strengthen customer relationships, improve competitive positioning, and increase overall operational efficiency.
My latest article explores the challenges and potential threats Bitcoin faces from governments attempting to control it. It examines historical instances of government control over monetary assets, vulnerabilities of Bitcoin, and the resilience of its peer-to-peer network. Ultimately, the article highlights Bitcoin's enduring strength and the importance of decentralization in maintaining its integrity against centralized powers. It underscores the role of public education in understanding the differences between Bitcoin and CBDCs.
We explore the transformative power of data warehousing in the modern information age. A data warehouse is a centralized repository that integrates and stores data from various sources, optimized for query and analysis. Key components include the ETL process, data modeling, efficient storage, and metadata management.
Learn how Power Query enhances Power BI by enabling crucial data transformations like cleaning, type conversion, and aggregation, improving data integrity and report usability, as it supports advanced operations like filtering, joining, and custom functions in M language, optimizing data processing for better business insights.