This Week in Tech: MIT’s $1 Million Test, Amazon Opens Redshift, and Apple’s Fake Projects

Here are this week’s tech stories that caught my eye:

MIT’s Million-dollar Social Media Stock Market Experiment

MIT bets 1 million on social mediaIn March, 10,000 students will invest $100 each in Hong Kong’s stock market as MIT researchers try to pinpoint a connection between social media and profits. Investing has always placed a premium on the importance of inside information, but could the concept of social media-based group-investing change the very nature of how markets work?

“The test this March will use eToro, a social network for investors, with the money traded on stock markets in Hong Kong and Singapore.” This study will show that by wisely using a network as a medium for exchanging information, you can generate a non-zero sum game,” Altshuler said in an interview.”

Do you think social media networks will generally help or hurt investors?

Amazon open doors to data warehouse service Redshift

Amazon opens RedshiftOn Friday, Amazon open the doors to it’s new data warehouse service – Redshift. The new service, which is ‘pay-as-you-go’, was launched to answer pain points for searching for large quantities of data. Redshift will be integrated with AWS, and all data can be imported directly with Amazons NoSQL service DynamoDB using a single command. Even Redshifts competitors have even mentioned the flexibility as a major plus.

“As to be expected, Redshift is well-integrated with other AWS services. Data can be imported directly from Amazon’s proprietary NoSQL service DynamoDB using a single command, and during production is automatically backed up to storage service S3. It also interfaces with a number of existing business intelligence products, such as Actuate and Jaspersoft.”

Does Amazons Redshift enter into your consideration for data storage?

Does Apple assign engineers “fake” projects to test their loyalty?

Apple Programmers Assigned Fake Projects?In the book, ‘Inside Apple’, a surprising new claim has surfaced that might just have programmers who read it start to ask themselves the Matrix-style question, “what is real?” That claim: that Apple, from time to time, assigns its own engineers dummy projects designed to test their loyalty to the company.

“Apple always seemed to be a no-nonesense kind of place when it comes to the seriousness of your work and what you get done,” one former engineer told me when I asked him about fake projects. “I find it suspect that they’d ever waste their own and the employee’s time on something that didn’t directly contribute to their bottom line somehow.”

Do you believe Apple actually assigns “fake” projects? Would it be a big deal if they did?

 

About Richard Stone

Richard Stone is Senior Solution Marketing Manager at Compuware, responsible for Mobile and Cloud-based Application Performance Management solutions.
Prior to joining Compuware, Richard has held senior marketing and product management positions at Hewlett Packard, Compaq, plus a number of other US and European IT companies. His domain expertise includes mobile computing, wireless data, cloud computing, application performance management, security, compliance, and high-availability solutions for all market segments (SMB, Enterprise, and key verticals such as Finance, Government, Healthcare, and Retail.