Today, my first book, Data Analytics Made Accessible, became a top-seller in the data mining category. It reached #2 bestseller status on the Amazon website (see picture below). I hope it will reach #1 soon. The book’s success speaks to its quality. It is an accessible overview of this vast and growing and hot topic. This book only comes in an online (Kindle) version, and is also priced very low compared to other books in the field. Thanks to those who wrote nice reviews on the book on Amazon site. I hope this books helps the readers become successful in their lives.
America is finally coming to grips with its diversity. For the last 50 years America has become much more diverse. The Immigration Act of 1965 opened America’s doors to immigrants from all countries in the world. Now there are immigrants from India, China Ethiopia, and many other countries that are not Caucasians or Christians. They have developed deep roots in this country, and have succeeded by dint of their talent and hard work. The image of white Christian America is ending. The replacement image is much polyglot and inclusive.
This demographic trend has proved threatening to the white Christians who kinda owned this country for the last couple of hundred years. This sense of unease turned into anger with the election of Barack Obama, the son of one such Kenyan immigrant student, to the presidency of the country.That was a transformative moment for America and a scary moment for the status quo. Donald Trump was among those who stoked that fear and anger by questioning the legitimacy of the President by absurdly refusing to accept that denying that Obama was even a US born person. That made this angry or uneasy demographic segment beholden to Trump. This demographic segment constitutes the solid one-issue base of voters that has given Trump 38-40% poll numbers for the last one year. This base is now losing its last fight in this 2016 election. However, Donald Trump will not fade away after this election. He will remain relevant for as long as this base continues to be angry, and till it accepts the transformation of America.
Big Data and Artificial Intelligence (AI) are coming fast. They are coming in the form of Robots and Deep Learning machines etc. Elon Musk has even called AI the existential crisis for humanity. Steven Hawking has wondered what would happen it the AI developed a will of its own, a will that is at odds with the will of humanity. Those will be interesting times. They will be as challenging to all of us, as the current times are challenging to those who ruled the roost in America till a few decades ago.
I did data analytics for a long-term project on family businesses, while at Case Western Reserve University a little over 2 decades ago. Using survey data from hundreds of respondents across dozens of companies over several years, we tried to analyze predictors of success at family firms. The astonishing finding was that the biggest finding was not about usual factors like ‘Succession Planning’ and ‘Clear Strategy’ etc. The biggest amazement was that across almost all dependent variables, the age of the respondent showed the greatest impact. We found what I used to call a bucket curve. For respondents under the age of 30 and below, their perceptions of their company was good. Similarly, for respondents of age 50 and over, their perceptions of their company was good. In the middle age, the respondents’ perceptions were not too good, across all variables. No other independent variables, like gender and education level and years of experience and even whether the respondent-employee was also a member of the owning family, made any difference. The AGE variable ran away with the whole variance, and thus the whole story.
We went to the retired dean of the school of business to express our excitement, amazement as well as trepidation at such a result. This old wise man looked at the results, asked some questions, and said that it all makes sense. The younger employees are glad for what the company has given them. The older people are looking back with pride at what they have achieved. It is the folks in the middle who are nervous and frustrated as they have half their career behind them and want/expect the company to give them more opportunities to do better.
The paper was sent for publication on the strength of this finding. It got published at Family Business Review, the top journal in the field, in 1997. Twelve years later I accidentally discovered that this paper had been included in the authoritative Handbook of Family Business all these years (there are less than 30 papers in that handbook). This paper was significant for just this insight, that age changes perceptions like nothing else. At our age, we are mostly happy as we have accomplished a lot!