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There has been great success in large-scale projects in the past. It's just that back in the 1950's and earlier when they were spending vast amounts of money on single projects, people had been talking about them for over a decade.

Perhaps today we don't need 10 years to come up with a plan on how to build a network of highways, perhaps all our computers and better analytical models help greatly in predictions. However, it's hard to tell if software is giving you a good prediction until you begin getting results and I don't think many people would have felt comfortable betting on Deep Blue before it publicly won its first game of chess.




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