Information and Communication Technology covering the topics of: The current state of ICT technologies (i.e., Web 2.0, 3.0, convergent technologies, social, mobile, and assistive media) Online systems, functions, and platforms. As this happens, the way of life is eased, for example, the capability of communicating with people in far locations within a short time. Total page count over 20. Start a hobby. Example: in retrospect, we know everyone wanted computers, OSes, social networksbut the history of them is strewn with flaming rubble. There were 272 automobile companies in 1909. How should we, in the upstream petroleum industry, react to claims that carbon dioxide emissions are causing climate change? One idea is that a VC firm could explicitly track ideas that seem great but have had several failed startups, and try to schedule additional investments at ever greater intervals (similar to DS-PRL), which bounds losses (if the idea turns out to be truly a bad idea after all) but ensures eventual success (if a good one). Dj vu, because what was described in TML on every other page is recognizably ordinary life in the 1990s and 2000s, never mind the 2010s, from the spread of broadband to the eventual impact of smartphones. Christine Ehlig-Economides received a BA degree from Rice U. in math-science, an MS degree from the U. of Kansas in chemical engineering, and a PhD degree from Stanford U. in petroleum engineering. I told him he was right, but that pressure data were quite noisy, that the analytical solutions were differentiable, but surely not real, data. and what it isn't. Learning for the sake of learning. I think I had the most fun working in a small group in Anadrill on multilateral-well design, which became the subject of my SPE distinguished lecture.15 After that, I worked with Joe Mach to manage production enhancement for Schlumberger. This explores all options initially but gradually homes in on the most profitable option to exploit most of the time, while still occasionally exploring all the other options once in a while, just in case; strictly speaking Thompson sampling will never ban an option permanently, the probability of selecting an option merely becomes vanishingly rare. It's frustrating to desire somethinga solution, position, experience, relationship, or possessionbut sense the Lord saying "no" or "not now.". Day to day events can be stressful and sometimes they come out of the blue and catch us off guard. Our signature selling point will be that it takes fewer lines of code to set up, so programmers will like us., LinkedIn: Well do social networking like has been already patented by SixDegrees.com, forcing us to buy their patent., Slack: IRC+email but infinitely slower & more locked in. Learning can occur in many forms and situations. Dude, dont you remember CueCat at all? In the same vein, the founder has to be able to attract customers to buy the product, partners to help distribute the product, and, eventually, other VCs to fund the business beyond the initial round of financing. Ehlig-Economides, C.A., Mowat, G.R., and Corbett, C.: Techniques for Multibranch Well Trajectory Design in the Context of a Three-Dimensional Reservoir Model, paper SPE 35505 presented at the European 3D Reservoir Modeling Conference in Stavanger, 1617 April 1996. What if instead of threatening to sue them, we tried working with them?, Venmo: TextPayMe worked out well, right?, Patreon: Online micropayments & patronage schemes have failed hundreds of times and became a 90s punchline; might as well try again., Bitcoin: Every online-only currency from DigiCash to Flooz.com to e-gold to [too many to list] has either failed or been shut down by governments; so, well use proof of workits a hilariously expensive cryptographic thing we just made up which has zero theoretical support for actually ensuring decentralization & censorproofing, and was roundly mocked by almost every e-currency enthusiast who bothered to read the whitepaper., Seamless/Grubhub/Uber Eats/DoorDash/Slice (! The possibility of broadcasting radio waves across the Atlantic was convincingly excluded by theoretical analysis. We just could never, never, never get it quite there., JL: The component cost. He showed me that the families of type curves he was generating were hardly distinguishable as pressure change on log-log coordinates, but they showed considerable character when graphed as a pressure derivative. We didnt work on (1) time travel, (2) teleportation, and (3) antigravity. While upper management panders to environmentalists, the young minions keep slogging it out, delivering the oil and gas that is desperately needed all over the world as though there will be no end to it. List all technologies that you use every hour, and state your purpose of using this technology. Verify whether or not your instructor specified a word count for the paper instead of merely following this average. Santos, Ma.Miguela B. BSBA - FM2 Science,Technology and Society Reflection: Timing your Technology The Educational Technology course is designed to prepare teachers for all different grade levels with skills, concepts and understanding among other skills to integrate technology in their lessons to enhance learning as well as to make learning more effective. : Testing and Interpretation in Layered Reservoirs,, Ehlig-Economides, C.A. The monopoly oil has as the sole fuel for transportation could become a serious drawback for future progress and prosperity (for more about this, visit www.ceeti.org). Informatio: The new language of science ( Hans Christian von Baeyer) 14-15 Someone could have built the Rift in mid-to-late 2007 for a few thousand dollars, and they could have built it in mid-2008 for about $673.5$500.02008. Ramadan is a time of spiritual reflection, devotion, and increased charity. In recent years, I have been attracted back to academia. ExxonMobil, along with General Electric and Schlumberger, provides major research support to Stanford U. in the Global Climate and Energy Project. Reindex into what, another doomed firm?). Timing, we believe, is an art. Academy of Engineering in 2003. I once was shown some data acquired in a water-injection well that was abruptly shut in from a flow rate of 30,000 BOPD. Granted that an ICS can be developed, is now the right time to mount the effort? One of the simplest & most efficient MAB solutions, which maximizes the total long-term reward and minimizes regret (opportunity cost), is Thompson sampling & its generalization PSRL28: randomly select each option with a probability equal to the current estimated probability that it is the most profitable option. When it was my turn, I couldnt resist pointing out in my introductory remarks that I was not yet born 25 years before. In the 1980s, famed technologist Stewart Brand visited the equally-famed MIT Media Lab (perhaps the truest spiritual descendant of the MIT AI Lab) & Nicholas Negroponte, publishing a 1988 book, The Media Lab: Inventing the Future at M.I.T. ): CyberSlice blew through $174.1$100.02000m+ trying to sell pizza online, but this time will be different., FedEx: The experienced & well-capitalized Emery Air Freight is already trying and failing to make the hub-and-spoke air delivery method work; Ill blow my inheritance on trying to compete with them while being so undercapitalized Ill have to commit multiple crimes to keep FedEx afloat like literally gambling the companys money at Las Vegas., Lotus1-2-3: VisiCalc literally invented the spreadsheet, has owned the market for 4 years despite clones like Microsofts, and singlehandedly made the Apple II PC a mega-success; well write our own spreadsheet from scratch, fixing some of VisiCalcs problems, and beat them to the IBM PC. Normal PSRL requires episodes, which dont really have a real-world equivalent, but PSRL can be extended to handle continuous actiona nice example is deterministic schedule posterior sampling reinforcement learning (DS-PRL), which does back off in periodically stopping, and re-evaluating the optimal strategy based on accumulated evidence, but less & less often, so it does PSRL over increasingly large time windows.. Its not enough to theorize about the possibility or prototype something in the lab if there is then no followup. The study is a descriptive one based on qualitative research. How we decide by Jonah Lehrer. Open Document Technology, and its underlying aspects affect all of us as we go through the continuum of time. Come and give me a word about those days. And he himself gave the answer for them: Every day is a good day.. Imagine it is 1965. Our respected leader admitted his culpability to the Federal Express board of directors and to the investors and lenders we were counting on to support the second round of the private placement financing. If you concentrate you might be able to identify where some of the late reflections come from. But it was left to Eckert and Mauchly [16] several years later to rediscover and implement the conceptions of stored programs and conditional jumps, which had already been present in Babbages analytical engine [17]. The energy business should ensure that the world has the affordable sustainable energy it needs without undue environmental impact. It connects users to International Business Machines (IBM), UNIX, Linux, Open Virtual Memory System (OpenVMS), and Hewlett Packard (HP) applications from their desktops. On an individual level, ideas are worthless because so many others have them toomultiple invention is the rule, and not the exception. The system as a whole can be seen in RL terms. Lets start one. Then after your special knowledge has become public knowledge, the robotics company goes public, and by EMH, their shares become a normal investment. Though, the right moment cannot be known exactly in advance, so attempts to forecast will typically be off by years or worse. Timing Technology Overview Timers, counters, and clocks are a critical component in most embedded systems. But what about after the fifteenth? Since then, Mach continued this work and was instrumental in Yukos achievements to increase production by 20% per year for several consecutive years without drilling new wells. For many claims, there is no way to invest in an idea except by going all in and launching a company, resulting in extreme variance in outcomes, even when the idea is good and the forecasts correct about the (eventual) outcome. Technology now is considered as a subject and profession in the learning and career environment. Within industrial research organizationsand, implicitly, within academic onesHrlein called for special institutional arrangements to encourage appropriate interactions between chemistry and biomedicine. In 1983, she joined Flopetrol Johnston Schlumberger in Melun, France. Whatever the evidence, the fundamental question VCs are trying to answer is: Why back this founder against this problem set versus waiting to see who else may come along with a better organic understanding of the problem? End of preview. In recent times, corporate research has diminished, and that may be a bad thing: The changing structure of American innovation: Some cautionary remarks for economic growth, Arora et al 2020., One might appeal to the Kelly criterion as a guide to how much individuals should wager on experiments, since the Kelly criterion gives optimal growth of wealth over the long-term while avoiding gamblers ruin, but given the extremely small number of wagers an individual engages in, with a highly finite horizon, the Kelly criterions assumptions are far from satisfied, and the true optimal strategy can be radically different from a naive Kelly criterion; I explore this difference more in The Kelly Coin-flipping Game, which is motivated by stock-market investing., Thompson sampling, incidentally, has been rediscovered, PSRL (posterior sampling, see also Ghavamzadeh et al 2016) generalizes Thompson sampling to more complex problems, MDPs or POMDPs in general, by for each iteration, assuming an entire collection or distribution of possible environments which are more complex than a single-step bandit, picking an environment at random based on its probability of being the real environment, finding the optimal actions for that one, and then acting on that solution; this does the same thing in smoothly balancing exploration with exploitation. Jr.: Drawdown Behavior of a Well With Storage and Skin Effect Communicating With Layers of Different Radii and Other Characteristics, paper SPE 7453 presented at the 1978 SPE Annual Technical Conference and Exhibition, October 13, Houston. This also illustrates the ex post & fine line between visionary founder & criminal con artist; had Frederick W. Smith been less lucky in the literal gambles he took, he couldve been prosecuted for anything from embezzlement to securities fraud. Virgin Atlantic: airlines are cool. In other words, we wanted them to be momentary (i.e. This year has caused financial services firms to rethink . You dont want to publish a paper that says, After the study, we came to the conclusion that VR is useless right now and that we should just not have a job for 20 years. There were a few people that basically came to that conclusion. (How do you force all relevant companies to sell tradable stakes? Can I conceive of a team better equipped to address the market needs that might walk through our doors tomorrow? Absolutely, Amazon (which has rarely turned a profit and has sucked up far more investment than Pets.com ever did, a mere ~$484.8$300.02002m) is a successful online retail business that stocks thousands of dog food varieties, to say nothing of all the other pet-related goods it sells, and Chewy, which primarily does pet food, filed for a multi-billion-dollar IPO in 2019 on the strength of its billions in revenue (swelling to a market cap of $30b mid-2021). Its perfectly obvious. PHILIPPINE CHRISTIAN UNIVERSITY. Of course Google was always going to be a huge success because of PageRank and also (post hoc theorizing) Z, Y, & Z, except for the minor problem that Google was merely one of many search engines, great perhaps11 but not profitable, and didnt hit upon a profitable business modelmuch less a unicorn-worth modeluntil 4 years later when it copied Overtures advertising auction, which was its salvation (In The Plex); in the mean time, Google had to sign potentially fatal deals or risking burning through the last of its capital when minor technical glitches derailed vital deals. 2. Launching too early means failure, but being conservative & launching later is just as bad because regardless of forecasting, a good idea will draw overly-optimistic researchers or entrepreneurs to it like moths to a flame: all get immolated but the one with the dumb luck to kiss the flame at the perfect instant, who then wins everything, at which point everyone can see that the optimal time is past. Cook calls this cracking the nut. He had to intervene where necessary to minimize friction between chemists and medical researchers, an especially important task for chemotherapy as a composite entity. (Academics invent ideas about computers, which then go into mass production for business needs, which result in exponential decreases in costs, sparking countless academic applications of computers, yielding more applied results which can be commercialized, and so on in a virtuous circle.) A more practical approach is to embrace uncertainty, taking a reinforcement learning perspective. The Verges 2012 article on VR took a historical look back at the many failed past efforts, and whats striking is that VR was clearly foreseen back in the 1950s, before so many other things like the Internet, more than half a century before the computing power or monitors were remotely close to what we now know was needed for truly usable VR. At that time, my technical interest was in layered reservoir testing.12 In layered reservoir tests, the combination of pressure and flow rates measured at different levels in the well in response to changes in the surface flow rate permit characterization of commingled zones on a zone-by-zone basis. Bible verses about God's perfect timing. In1998! This is especially difficult as . and less. This has historically been less typical in the venture world, but, increasingly, as entrepreneurs take on more established industriesparticularly those that are regulatedbringing a view of the market that is unconstrained by previous professional experiences may in fact be a plus. By mid-July our funds were so meager that on Friday we were down to about $21,136.3$5,000.01973 in the checking account, while we needed $101,454.2$24,000.01973 for the jet fuel payment. On phones! You however know what ignorance can trigger and how to deal with ignorance and purpose. All the problems of the world could be settled if people were only willing to think. After solving a problem, humanity imagines that it finds in analogous solutions the key to all problems. Starting a new pastime such as playing tennis, learning to paint, riding a horse, or listening to new types of music can provide a fun opportunity to reflect on what and how you are thinking and learning. Similarly, the benefit of taking Moores law seriously is that one can plan ahead to take advantage of it24 even if one doesnt know exactly when, if ever, it will happen. neural net, Bitcoin, economics, history, insight porn, sociology/tech, decision theory, [For support of website features (tablesorting, collapsible sections, image zooming, link annotation popups/popins & transclusions, sidenotes), please enable JavaScript.]. Has caused financial services firms to rethink a subject and profession in learning. 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