Related papers: Big data in economics
As new technologies move to the fore, our understanding of the world may seem to have shrunk in comparison, for despite new developments in research, much of it is reduced or rather, abstracted for marketability. Thus, the purpose of this…
Currently, the world is witnessing a mounting avalanche of data due to the increasing number of mobile network subscribers, Internet websites, and online services. This trend is continuing to develop in a quick and diverse manner in the…
We build an endogenous growth model with consumer-generated data as a new key factor for knowledge accumulation. Consumers balance between providing data for profit and potential privacy infringement. Intermediate good producers use data to…
The Information and Communication Technologies revolution brought a digital world with huge amounts of data available. Enterprises use mining technologies to search vast amounts of data for vital insight and knowledge. Mining tools such as…
The digital transformation of our society is a constant challenge, as data is generated in almost every digital interaction. To use data effectively, it must be of high quality. This raises the question: what exactly is data quality? A…
Advances in data analytics bring with them civil rights implications. Data-driven and algorithmic decision making increasingly determine how businesses target advertisements to consumers, how police departments monitor individuals or…
Data is a precious resource in today's society, and is generated at an unprecedented and constantly growing pace. The need to store, analyze, and make data promptly available to a multitude of users introduces formidable challenges in…
Web archives preserve unique and historically valuable information. They hold a record of past events and memories published by all kinds of people, such as journalists, politicians and ordinary people who have shared their testimony and…
The exponential growth of big data has transformed how large organisations leverage information to drive innovation, optimise processes, and maintain competitive advantages. However, managing and extracting insights from vast, heterogeneous…
The increasing use of data in various parts of the economic and social systems is creating a new form of monopoly: data monopolies. We illustrate that the companies using these strategies, Datalists, are challenging the existing definitions…
The advent of the digital age has led to a rise in different types of data with every passing day. In fact, it is expected that half of the total data will be on the cloud by 2016. This data is complex and needs to be stored, processed and…
Over the past two decades, the field of high-dimensional statistics has experienced substantial progress, driven largely by technological advances that have dramatically reduced the cost and effort for data collection and storage across a…
With the rise of the concept of financial technology, financial and technology gradually in-depth integration, scientific and technological means to become financial product innovation, improve financial efficiency and reduce financial…
Visualization, as a vibrant field for researchers, practitioners, and higher educational institutions, is growing and evolving very rapidly. Tremendous progress has been made since 1987, the year often cited as the beginning of data…
"Data is the new oil", in short, data would be the essential source of the ongoing fourth industrial revolution, which has led some commentators to assimilate too quickly the quantity of data to a source of wealth in itself, and consider…
Nowadays, science has been coming into a new paradigm, called data-intensive science. While current studies of the new phenomenon focused on building up infrastructure for this new paradigm, yet a few studies concern users of scientific…
Very large data sets are the common rule in automated mapping, GIS, remote sensing, and what we can name geo-information. Indeed, in 1983 Landsat was already delivering gigabytes of data, and other sensors were in orbit or ready for launch,…
The unprecedented size of the human population, along with its associated economic activities, have an ever increasing impact on global environments. Across the world, countries are concerned about the growing resource consumption and the…
With the consolidation of the culture of evidence-based policymaking, the availability of data has become central to policymakers. Nowadays, innovative data sources offer an opportunity to describe demographic, mobility, and migratory…
The gap between data production and user ability to access, compute and produce meaningful results calls for tools that address the challenges associated with big data volume, velocity and variety. One of the key hurdles is the inability to…