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How to Become a Wealthy Philanthropist

 

One of the great misnomers held by those who struggle financially is that much investing is just another form of gambling.

 

It is false and foolish to think this way. The fact is the more progressive a thinker a person is the more they need to seek wealth if only to serve others. The fastest way to “Think and grow Rich” is through the effective use of big data.

Big data is a term for data sets that are so large or complex that traditional data processing application softwares are inadequate to deal with them.

Challenges include capture, storageanalysisdata curation, search, sharingtransfer, visualizationquerying, updating and information privacy. The term “big data” often refers simply to the use of predictive analyticsuser behavior analytics, or certain other advanced data analytics methods that extract value from data, and seldom to a particular size of data set.

Ultimately the most effective investors deal with endless sets of data and have the unique ability to know which of these sets is most important for creating wise and profitable investments.

Big Data is  term that has been in use since the 1990s, with some giving credit to John Mashey (born 1946) the pioneering  US computer scientist, and entrepreneur for coining or at least making it popular.  Big data usually includes data sets with sizes beyond the ability of commonly used software tools to capturecurate, manage, and process data within a tolerable elapsed time. Big data “size” is a constantly moving target, as of 2012 ranging from a few dozen terabytes to many petabytes of data. For the investor as well and as problem solver Big data requires a set of techniques and technologies with new forms of integration to reveal insights from datasets that are diverse, complex, and of a massive scale.

Clearly, the quantities of data now available are  massive, however the most relevant characteristic of this new data driven reality is that the efficient exploration of data sets can find new correlations to isolate business trends and well as patterns in various commercial markets. The best and most consistent investors can transcend problems tied to large data-sets in areas as diverse as pattern language in internet search, finance, and business informatics.  Accessing these complex data sets is fairly easy and a skilled investor can so with common off the shelf technology, open source Apps and other simple tech hacks. Though it is true that  data sets grow rapidly much of this growth is fed through the use of  cheap and numerous information-sensing mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers and wireless sensor networks.  These tech tools as well as those still to be developed have created a tech-fed  information reality where the world’s technological per-capita capacity to store information has roughly doubled every 40 months since the 1980s; and is likely to increase in speed in the future. To master this growth is to see where the money is.

Though the tools exist to make extremely accurate investments for even a beginner they must go beyond the traditional tools that a typical say trader might use. Relational database management systems and desktop statistics- and visualization-packages often have difficulty handling big data. The work may require “massively parallel software running on tens, hundreds, or even thousands of servers”.  What counts as “big data” varies depending on the capabilities of the users and their tools, and expanding capabilities make big data a moving target.

 

This is where High Tech Investment Groups  (HTIG) can be of great value. Here a group of individuals meet for the purpose of pooling money and resources and investing while accessing big data analytics to do so. These groups represent a collaborative process where members access information that none of them could have access to working alone. In these members typically meet on a periodic basis to make investment decisions as a group through a voting process and recording of minutes, or gather information and perform investment transactions outside the group. Investment clubs provide members a means to learn about markets, while meeting and working with people who have similar interests. For some of these groups, facing hundreds of gigabytes of data for the first time may trigger a need to reconsider data management and investment options. For others, it may take tens or hundreds of terabytes before data size becomes a significant consideration. A community of skilled investors can transcend this limitation even if they begin with limited financial resources.

For more articles like this as well as books, courses and seminars on how to be more efficient, effective and productive go to www.RealUGuru.com

 

Lewis Harrison – RealUGuru, is a writer, mentor, success and wealth coach, content-rich, motivational speaker, and an entrepreneur specializing in problem solving and strategizing  based on game thinking, applied game theory and Game Thinking.

He is the author of over twenty-two books published in five languages.

  

Don’t forget to tune to the RealUGuru Radio show every Thursday 4-6 PM EST  at WIOX 91.3 FM or on your smart device at WIOXRadio.org.

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If you are interested in business success in the 21st Century in the arts or in any other endeavor you need to read Lewis’ recently published business books.

You can find books on game theory and business success here:

http://www.realuguru.com/products/printed-books/building-your-business-in-the-new-digital-reality/

http://www.realuguru.com/products/printed-books/gamification-for-business/

This course and all the offerings on www.RealUGuru.com  focus on the application of applied game thinking, gamification, decision science, positive psychology, happiness,  and visionary thinking to solve basic, complex and extreme problems. He is the creator of a free course on business success and human potential.

Here is a short interview with Lewis Harrison;

https://www.youtube.com/watch?v=zp4DtXpPBeM

Learn more about Lewis work at www.RealUGuru.com and www.TheLifehackGuru.com