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Ask HN: What is the most important publicly unknown fact in your industry?

64 pointsby yotamoronabout 8 years ago

20 comments

pardsabout 8 years ago
Spreadsheets are widely used in financial institutions, and not just for little things but also for critical tasks too. I&#x27;ve seen spreadsheets sophisticated enough to make database calls to book-of-record systems.<p>These spreadsheets are often put together by an intern or associate who &quot;knows a little VBA&quot; and automates or tracks a task that the business was doing manually. Nobody on the desk really knows how the spreadsheet works.<p>Changes to the spreadsheets are not controlled in any manner, are not tracked in source control, but are often (thankfully) backed up by virtue of being saved on a network drive.<p>The business prefers spreadsheets over &quot;real software&quot; because they have complete control of it whereas their internal IT department are slow and expensive, and the resulting custom-coded products are often substandard (see zubairq&#x27;s comment about paying market rate).
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zubairqabout 8 years ago
In tech most managers and recruiters think there is a skills shortage. This is untrue. The truth is that companies do not want to pay market rates for people with the right skills
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contingenciesabout 8 years ago
1. SWIFT was founded as a &#x27;Belgian Cooperative&#x27; in the 1970s by an ex American Express executive and grew at a rate unprecedented for its era, its first &#x27;international center of operations&#x27; was located in Virginia, co-opened by the then-governor, and nearly co-located with CIA HQ. EU authorities have confirmed that, despite political backlash and a &#x27;SWIFT 2&#x27; nominally designed to resolve the problem, every single SWIFT transaction since <i>at least</i> 2001 (read: forever) has been provided in full to the US.<p>2. The Israeli business AMDOCS with alleged Mossad links is an outsourced and hosted billing provider for telecommunication carriers, whose client list includes large portions of the developed world.<p>Just sayin&#x27;.
beyondcomputeabout 8 years ago
● The two most successful and widely used to solve everyday problems paradigms&#x2F;environments: spreadsheets and shell scripting (with pipes, etc.) are the ones that have the least attention from “industrial” and academic programmers. Lessons and strong points from those systems are being ignored.<p>● There are “clusters of bugs”, i.e., finding a bug in a certain module increases a chance to find a subsequent bug in the same module. This is understood intuitively by most people yet very few act on it, discarding modules that have too many bugs (and rewriting them from scratch) instead of continuing to sink resources into maintenance.<p>● While professionals in other industries use professional tools, programmers use commodity hardware and software (the kind a homemaker would use to google a guacamole recipe). :(<p>● Managers and programmers think that personality traits and team members&#x27; individualities do not matter and there&#x27;s no role “human factor” plays in development. Ditto for self-organization vs constantly “organizing”&#x2F;policing employees.<p>● There were pretty cool systems back in the day (with orthogonal persistence, ability to inspect and modify any object on-the-fly, etc.). The modern ones are not “bad” either but some lessons could still be learned.<p>● Sometimes there are notions that bad software is created due to sales people&#x2F;economic pressure but analysis of, say, build tools shows that it is not the case. ;)
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owenversteegabout 8 years ago
I work with (among other things) batteries. As I&#x27;ve gotten a bunch of emails about it, I suppose I am &quot;the battery guy&quot; here.<p>Li-ion battery energy density grows in spurts. Realistically, there have been a few major improvements, with very small incremental improvements in between. For example, in 2001 we were at 180 Wh&#x2F;kg. In just a handful of months we jumped to 260 Wh&#x2F;kg, then to 280 Wh&#x2F;kg as manufacturing processes improved. In the last 11 years, however, improvements have been maybe a few Wh&#x2F;kg per year, and there have been literally zero improvements whatsoever in the past four years, by anyone.<p>Eleven years is a very long time, especially for something that everybody just assumes is constantly silently improving. And it&#x27;s not like the battery industry stopped investing in growth: there are absolutely insane amounts of money invested in battery R&amp;D, since whoever figures out how to make a cheap, energy-dense battery will become absolutely infathomably rich and make Madoff-level growth look like US savings bonds.<p>Bonus fact: nobody really understands lithium-ion batteries. One production run might have substantially higher or lower capacity. Some batteries might explode. Some batteries are high discharge and some are low discharge. The &quot;explanation&quot; for all of these things is &#x27;heat&#x27;.<p>Imagine that happening to any other industry (for example the auto industry.)<p>- &quot;Why did my car just explode!?&quot; &quot;Heat&quot;<p>- &quot;Why does this car last a tenth the lifetime of this car?&quot; &quot;Heat&quot;<p>- &quot;Why does this car go a thousand times faster than any others?&quot; &quot;Heat&quot;<p>- &quot;Why is this entire production run of cars not working?&quot; &quot;Heat&quot;<p>People say &quot;heat&quot; for two reasons: 1) because nobody understands li-ion batteries and 2) because yes, the real answer does have something to do with heat.<p>Batteries are one of the most important industries and critical to every company on HN. But the state of the art of batteries is putting together random metals with a bunch of random chemicals and watching which ones don&#x27;t explode.<p>Imagine talking to the CEO of Boeing: &quot;We just did our millionth test, engines made of cheese and wings made of coconut shells. It crashed during takeoff, of course. We haven&#x27;t had any improvements in over a decade, but we&#x27;re sure we&#x27;ll get there eventually - we&#x27;ve spent billions on research so far.&quot;
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mstaoruabout 8 years ago
I live in China and run startups in e-commerce and food.<p>China subsidizes up to 70% of postage fee, so Aliexpress sellers can sell cheap stuff for $2 with &quot;free shipping&quot; worldwide.<p>There is no such thing as &quot;free shipping&quot; in e-commerce, it&#x27;s just included in the price. An astonishing amount of people actually thinks it&#x27;s free for the seller.<p>When you apply for a website license in China, you have to give root access to the Ministry of Information. Most of the time it&#x27;s handled by your hoster &quot;transparently&quot; in the form of &quot;license application tokens&quot;. (Yes, you can trick them if you colocate your own bare metal.)<p>25% is an average ingredient cost for restaurant meals.
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EliRiversabout 8 years ago
The majority of commercial software writers are banging out poorly designed, fragile, inadequately tested and often borderline-unmaintainable code.<p>I feel that people have a kind of double-think about this; they suspect this is the case, but they still expect software to work properly.
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alok-gabout 8 years ago
Publicly known but not commonly known: (I get asked about these frequently.)<p>Electronic Displays Industry: LED TVs are also LCD TVs. When I explain this to people, some even retaliate! The picture is formed in both by LCD only, just that the backlight is built out of LEDs in what is called an LED TV.<p>Specifications given for power output in music systems, contrast ratio in TVs, frequency response for earbuds, etc. are mostly fake.
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ex3xuabout 8 years ago
I do marketing and AdWords for a company that specializes in local contractors. Modern online marketing is a race to the bottom that only Google wins. Fundamentally, regardles of industry, marketing is a simple logistics problem -- connect clients to service providers. But the distribution of attention is incredibly imbalanced -- the top 3 search results get nearly 50% of clicks with the top ten results getting 90%. So what I am seeing happen for many local industries and problems is that even though there are probably dozens or hundreds of local service providers that can provide adequate service for a problem, the ones that show up on the first page get a disproportionate, overwhelming amount of business, and the rest of the providers end up fighting over scraps. Unless they too want to start shelling out 10 grand a month or more to show up at the very top for every search and get more business than they can handle. There&#x27;s got to be a better way.
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hnhgabout 8 years ago
Not my industry any more, but a PhD isn&#x27;t about pushing the frontiers of knowledge so much as being a training program for working in academia.
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johan_larsonabout 8 years ago
Every piece of commercial software ships with large numbers of known problems, limitations, and deficiencies. For old, broadly distributed software, the bug databases can easily have millions of issues, some of which have never even been investigated.
blarglesabout 8 years ago
The mining industry relies on a single guess as to what an orebodies looks like when they plan their multi million&#x2F;billion dollar mines. These guess orebodies are usually made by inferring local information based on their neighbours within a specified range, weighted proportionally to their distances. The method is still widely used even though it was made to deal with the fact that back in the day these calculations were done by hand. We have more correct methods but they&#x27;re require computers and people don&#x27;t like computers.
VLMabout 8 years ago
The telecom side of media is really boring, but on the production side almost all mass market media comes from about five corporations plus or minus a couple.
ethbroabout 8 years ago
Commercially available desktop automation systems are pretty terrible in terms of modern software design. Specifically lifecycle management, code versioning, third party tooling integration, and readability.<p>Unfortunately, they&#x27;re aided by a compatibility moat built up of custom control support. Basically everything that doesn&#x27;t support Microsoft UI Automation requires memory hijinks. And you&#x27;d be surprised by how much legacy software used weird third party libraries.<p>If you want more impressions or to chat, feel free to flip a mail at ethbro.co a g mail. Happy to talk, as god knows automation software could be improved.
rodolphoarrudaabout 8 years ago
In online learning for higher education: if you don&#x27;t make mobile learning your first priority you will struggle to stay relevant in the market.
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ubernostrumabout 8 years ago
In the US, how hard it is even for your insurance company to figure out if a doctor&#x2F;hospital&#x2F;etc. is in or out of their contracted network.<p>You&#x27;d think &quot;how hard can it be, you either signed a contract with them and have it on file, or not&quot;. Well...<p>When the insurer signs a contract with, say, a doctor, what is happening is <i>not</i> &quot;anything this doctor does for someone on one of our plans is covered by this contract&quot;. Instead, whether something falls under the contract or not depends on a whole bunch of factors, including but not limited to:<p>* The doctor&#x27;s NPI (provider identification number, issued by US Medicare&#x2F;Medicaid).<p>* The particular medical specialties and credentials of the doctor.<p>* The location(s) where the doctor renders services and the type(s) of services rendered.<p>* The federal tax identification number and billing entity the doctor bills as.<p>* The address the doctor submits on the bill.<p>So suppose Dr. Jane Doe signs on to your insurer&#x27;s network. She&#x27;s contracted as a primary-care physician, rendering services in her office at 123 Main Street Suite B, under NPI 1111111111, and will bill as Jane Doe Medical, tax ID 222-22-2222, payment to be sent to her billing office at 234 Second Street.<p>And you go to Dr. Jane Doe and have no trouble, until one day you get a notice back from your insurance company that suddenly she&#x27;s no longer in network. She swears up and down that she&#x27;s still in network with them, so it must be the insurance company&#x27;s fault, right?<p>Well, the thing is that she merged operations with Dr. John Roe in the next office suite over, and now is billing as Doe &amp; Roe Medical, tax ID 333-33-3333, payment to be sent to 345 Elm Avenue. And there&#x27;s no contract for that!<p>Or she outsourced all her medical billing to MedBillCo, which again changes information the contract is keyed to. Or she also holds credentials for other types of medical practice and was rendering service of that type, maybe at a local hospital. Or she kept her tax ID and billing the same but moved her office from 123 Main Street Suite B to 123 Main Street Suite C. Or the post office realigned the boundaries of her zip code, and she &quot;moved&quot; from zip 11111 to zip code 11112 as a result.<p>This sort of thing happens <i>all the time</i>.<p>I&#x27;m told that LexisNexis once came to an (I think optimistic) estimate that the half-life of medical provider data is 18 months. So gather up all the information on your network of doctors and hospitals, carefully vet and double-check it, make sure everything is full and correct and up-to-date... and 18 months later half of it will be wrong, just due to the background rate of changes to office locations, credentials, billing entities, etc.<p>So after working for a little over a year at a company that has to deal with this, I am not surprised at all when I hear someone complain that &quot;it&#x27;s the same doctor I went to last time, nothing changed, they&#x27;re still in network, so why can&#x27;t the insurance figure that out?&quot; Nothing <i>visible to the person complaining</i> has changed, sure. But that tells you nothing. I am more often surprised that anyone is ever able to correctly determine in- or out-of-network status; being able to do it even a fraction of the time is frankly a minor miracle, and requires a whole lot of people toiling away behind the scenes.<p>For the record: I work for a company in the Medicare space, and we&#x27;re required to revalidate all our provider information at least once every 90 days, precisely for this reason. Also, you don&#x27;t want to know what the industry average is for correctness of printed provider-directory booklets. Even if it&#x27;s sent off to the printers the day the up-to-date data has been validated, some not-insignificant proportion of it will already be wrong by the time it arrives in someone&#x27;s mailbox, just because of how often and how quickly the information changes.
SFJulieabout 8 years ago
Education is an expensive burden on the society that have not proven to worth its value in terms of Return Over Investment.<p>Funnily, the only persons asserting the value of diploma ... are PhD in ivy league business schools... selling expensive diplomas...<p>Education is probably a large scale scam in its actual form: too long, too expensive, counter-productive and overrated.<p>Cf Henri Mintzberg essay on why MBA for instance are a poor choice for being innovative.<p>&quot;M.B.A. programs train the wrong people in the wrong ways with the wrong consequences,&quot; said Henry Mintzberg, a management professor at McGill University in Montreal. &quot;You can&#x27;t create a manager in a classroom. If you give people who aren&#x27;t managers the impression that you turned them into one, you&#x27;ve created hubris.&quot;
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BerislavLopacabout 8 years ago
This one: <a href="https:&#x2F;&#x2F;medium.com&#x2F;message&#x2F;everything-is-broken-81e5f33a24e1" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;message&#x2F;everything-is-broken-81e5f33a24e1</a>
reasonattlmabout 8 years ago
That we are actually quite close to the development of a panoply of working rejuvenation therapies capable of significantly extending human life spans, were the right lines of research and development just more aggressively funded than is the case at present.
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kapauldoabout 8 years ago
ACH transactions (bank to bank) cost 1&#x2F;10000th of a dollar. PayPal charges 3% plus 29 cents for branded ACH.
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