ML - The way the world works - analyzing how things work

Recap of this week

By 2022, the Millennials will be 40 years old and at the peak of their cultural influence; they will seem authorative and anti-individualistic in their political and economic views; they will launch large private and public projects to improve people's lives; and they will endorse unionism and corporationism in politics and economics in a robust and lively involvement. By 2032, they will be 50 years old and at the peak of their buying power for the purchase of homes, acquiring debt, and raising children; they will pour into business leadership positions; and they will create one of the largest decades of capital building, as they lay down costly infrastructures, build large projects, and innovate. By 2042, the Millennials will be 60 years old and have reached the peak for income and college tuition payments. By 2052, they will be 70 years old and hold the highest net worth, even as their incomes are declining.

People want to smile. The most important thing you can sell is hope. Hope makes people feel good and customers that feel good will continue to give you business.

Focus on build the business by word of mouth from satisfied customers. Now that makes sense!

What the millennials loke

Effective communication is the result of more effectively connecting with people. The way too more effective connect with people is by showing them empathy. Empathy is sharing the feelings of others.

1. Pursue outrageous objectives 2. Focus on the future 3. Place an emphasis on the customer and a secondary emphasis on cost reduction

How does a company determine whether six sigma is right for them? The authors explains that six sigma is a company cultural change. Case studies indicate the change can be profitable but requires tremendous commitment, resources, and time to implement effectively. The authors assess readiness with three questions: 1. Is change a critical business need now 2. Can the company come up with a strong rationale for applying six sigma to their business 3. Will the existing improving systems be capable of achieving the change needed.

Jarvis has perception and cognitive capabilities whereas Watson does not. Generalized intelligence has never been programmed

Learning state value and scoring to find optimum scores