tag:blogger.com,1999:blog-6088933028650286437.post840477406018408780..comments2024-01-10T00:42:09.863-05:00Comments on Big Data Analytics: The BP oil spill and the disaster estimations - Part 1/3Krish Swamyhttp://www.blogger.com/profile/10690110192473170310noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6088933028650286437.post-54798853957779812092010-06-18T15:29:12.782-04:002010-06-18T15:29:12.782-04:00Good point. As the people who interact with the sy...Good point. As the people who interact with the system (either in a regulatory capacity or as actual players) have lower or higher competence, that changes the probability of human engineered failures occurring. <br /><br />To take another example, banking was a boring profession in the 50s and 60s. The brightest never went into banking. Very different dynamic from today where the smartest set goes to banking and apply their minds to game the system,Krish Swamyhttps://www.blogger.com/profile/10690110192473170310noreply@blogger.comtag:blogger.com,1999:blog-6088933028650286437.post-3932579497164447462010-06-18T15:00:46.525-04:002010-06-18T15:00:46.525-04:00That is exactly what is written in The Washington ...That is exactly what is written in The Washington Post article 6/18/2010. BP has hired some of the best brains and top engineers in the world who are unable to cap the gushing oil well. What chance do all those people who get hired into government regulatory agencies like EPA these days from second rung colleges have of being able to detect , foresee and solve this problem? Something to definitely focus on.A . Krishnannoreply@blogger.com