The core issue is dimensional data modeling was introduced to address limitations on hardware (disk drives) and limited capacity.
With the advent of unlimited storage and separation of computer and storage, dimensional data modeling would only be possible if there was strong data governance in a system like SAP or a COE.
The problem with Palantir is they target gov. agencies.
Most of the time companies who have systems like Palantir, I’m thinking the SAP, Oracle, blah
Blah, have to report earnings to the street through a 10k or have to comply with regulations like Sarbanes Oxley.
They will also have in-house IT staff to monitor the logs etc.
The programs installing the Foundry system have an incentive to hide the data from prying eyes and therefore it never leaves the Palantir ecosystem. The government doesn’t hire independent consultants, auditors etc to confirm if it’s being used or not.
They simply have to demonstrate trustworthiness to a security officer and hope an IG doesn’t have an external equivalent of a Forward deployed engineer.
So while the technology is mediocre, it’s the nebulousness or the lack of audit-ability and the are the people writing checks the same people signing them.
So I sympathize with Karp talking about technology being fine it’s the apparatus surrounding it that says “just trust us” that gives pause, especially in today’s culture of conflict.
If I told you that 90% of all transactions get routed through a foreign companies software, you might pause but it’s been like that for years (SAP). The difference is there are controls in place.
This wouldn't even be an argument if Citadel wasn't operating in the the market as if it were a casino. Yellen is extremely talented and an expert in her field. She should be paid for those skills and knowledge.
This idea that public officials shouldn't be participating in the society that we have created and that they should be held up to the Standards of Mother Teresa or Ghandi is idiotic, IMO.
The mere fact that we are even discussing this is ridiculous, and instead should be discussing what do we expect from our markets. Should they be a free market that should resemble the "fundamental" price of an asset or is it just a casino where everyone is in search of a greater fool and acting accordingly? It seems more and more likely that if we allow for it to behave like B, we're not going to get A.
Once Amazon sucks all the margins out of grocery, what are people to do when 3rd world countries are drop shipping food to American Customers in 10 years? How do you return food to a paper shell company based in Montana?
yea no thanks. My trust in these companies is diminishing.