Showing posts from November, 2015

Using big data to turn global catastrophic risks into opportunities

Big data is currently transforming both the public and private sectors by increasing efficiency, transparency and productivity whilst also promoting sustainability. As the ability to utilise intelligent data analytics distinguishes today’s winners, data is fast becoming the oil of the 21st century. Organisations and countries that manage to harness this new commodity will ensure sustainable economic growth in the same way that those with access to cheap fossil fuel resources have been in an advantageous position in the past.   The proliferation of mobile technology, wireless sensors, social media and the Internet of Things, provides a means of monitoring socio-economic activity, consumption of resources, transactions, human mobility and environmental change. Recent advances in data science are now capable of coping with the technical challenges of collecting, managing and developing actionable insights from big data. Much of the exciting research has focused on addressing the t