SPE Digital Energy Conference

Energy Forum: BP keynoter Clint Wood, “Communication continuum goes as follows: chaos – noise – data – information – knowledge – wisdom.”

Interesting quotes heard during the conference.

Data Mining ==> How to pull the data together, then listen to it.

Artificial intelligence is no match for natural stupidity.

Reasoning ==>

  • Inductive — Platonic — Data Mining
  • Deductive — Aristotle — Statistical

Neural Network according to Robert Hecht-Nielson ==> a neural network is a computing system made up of a number of simple, highly interconnected processing elements, which processes information by its dynamic state response to external inputs.

Albert Einstein ==> As far as the laws of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality.

Invention is the conversion of cash into ideas; innovation is the conversion of ideas into cash. (http://stuartlynn.co.uk/2010/11/16/innovation-is-the-conversion-of-ideas-into-cash-and-invention-is-the-conversion-of-cash-into-ideas/)

Interesting related definitions (found in Wikipedia)

Genetic Algorithms ==> A genetic algorithm (GA) is a search heuristic that mimics the process of natural evolution. This heuristic is routinely used to generate useful solutions to optimization and search problems.

Fuzzy Logic ==> a form of many-valued logic derived from fuzzy set theory to deal with reasoning that is fluid or approximate rather than fixed and exact.