The WIKI-D algorithm, as described in the video, provides a structured approach to measuring intangible assets by leveraging the mathematical concept of derivatives. This is precisely how each “intangible” element of human capital – Wisdom, Innovation, Knowledge, Information, and Data – can be measured indirectly into a “tangible” existence:
Data: While data itself is tangible, its true value often lies in its volume, variety, velocity, and veracity. However, its qualitative worth can be inferred through the rate of change in how it is processed, stored, or analyzed. For instance, the increase in the number of data points processed per second can indicate the system’s ability to handle more complex data sets, which indirectly measures the efficiency and effectiveness of data management.
Information: Information’s value is derived from the aggregation, organization, and contextualization of data. The rate of change in data processing can serve as a proxy for the rate of change in information synthesis. By observing how quickly new information is generated or how effectively existing information is refined, one can gauge the system’s capacity to produce knowledge.
Knowledge: Knowledge, being a higher-order construct, cannot be directly measured. Instead, knowledge may be expressed proportional to the rate of change in information, which can be measured. Knowledge growth can be assessed by looking at how frequently new insights or updates are made to databases, knowledge graphs, at conferences, or expert systems. This rate of change reflects the system’s ability to learn and adapt, thereby quantifying knowledge indirectly.
Innovation: Innovation is proportional to the rate of change of knowledge. Here, the rate at which new products, services, or solutions are developed or improved upon can serve as a proxy for measuring innovation. The frequency and impact of academic papers, product releases, or significant updates to existing products indicate the rate of innovation within the system.
Wisdom: Wisdom, the culmination of the WIKI-D progression, is perhaps the most abstract. However, it can be measured indirectly by observing the rate of change in innovation. Wisdom can be inferred from the frequency and depth of systemic changes or paradigm shifts within the ecosystem, reflecting the integration of knowledge into a comprehensive understanding that leads to sustainable innovation.
By thinking of human capital as simple calculus, particularly the concept of derivatives, one can quantify the seemingly unquantifiable. Each derivative in the WIKI-D chain represents a change in the value of the previous layer, creating a clear path from raw data to ultimate wisdom. This approach allows for:
- Transparent Measurement: By focusing on the rate of change, we can quantify the velocity of progress in each tier of the value creation process.
- Fair Resource Allocation: Understanding where value is being generated helps in allocating resources efficiently.
- Collaborative Innovation: Measuring the rate of change promotes collaboration as it becomes clear where contributions are having the most impact.
- Reduced Ethical Concerns: A consensus-driven approach ensures that the development of wisdom is inclusive and ethical.
In conclusion, the WIKI-D algorithm, through its application of calculus, provides a practical framework for measuring intangible assets by focusing on their rate of change. This not only addresses the challenge of quantifying abstract concepts but also fosters a transparent, inclusive, and sustainable path to wisdom in the digital age.
Video Transcript
The WIKI-D Algorithm – The Ingenesist Project
The Ingenesist Project WIKI-D stands for Wisdom, Innovation, Knowledge, information, and Data.
The WIKI-D algorithm is also a series of Derivatives.
A derivative is something whose value is DERIVED from the value of something else.
The value of Information is derived from the value of our Data.
The value of Knowledge is derived from the value of our Information.
The value of Innovation is derived from the value of our Knowledge.
The value of Wisdom is derived from the value of our Innovations.
Together, this forms the WIKI-D algorithm – without which we cannot achieve Wisdom in the modern era.
The Ingenesist Project uses game theory, blockchain, and artificial intelligence to convert intangible assets to a more tangible form.