We don't need polls, mathematical models or sophisticated technology to predict that globalization will endure
Here we go again. After having failed—spectacularly—to make any worthwhile predictions over the past few months, the pollsters are back to their unreliable methods of making predictions based upon polls that reflect how people ‘feel’. And computer technologists continue to tom-tom how emerging technology can predict the future. In a Harvard Business Review blog a few days ago, the authors talk about the falling price of being able to use computing for making accurate predictions. They say that “as the cost of prediction falls, not only will activities that were historically prediction-oriented become cheaper—like inventory management and demand forecasting—but we will also use prediction to tackle other problems for which prediction was not historically an input".