Ranked #71 in Chaos Theory
The acclaimed author of The Half-Life of Facts explains the challenges of overly complex technology.
On July 8th, 2015, something weird happened. The NYSE computers went down and trading was suspended for several hours. The culprit wasn't hackers or a rogue algorithm. It was just... a glitch. And it's just the beginning.
Technological complexity is no trivial matter. While a few hours of suspended trading may not have had lasting impact on the markets, imagine the damage that could result from a breakdown of our air traffic control systems, or... more
On July 8th, 2015, something weird happened. The NYSE computers went down and trading was suspended for several hours. The culprit wasn't hackers or a rogue algorithm. It was just... a glitch. And it's just the beginning.
Technological complexity is no trivial matter. While a few hours of suspended trading may not have had lasting impact on the markets, imagine the damage that could result from a breakdown of our air traffic control systems, or... more