Big Data: The New Frontier for Economic and Social Insights
Nina
Produktnummer:
182493a1b1bb4e4698b3b7035a0e1bbe0c
| Autor: | Nina |
|---|---|
| Themengebiete: | Consumer behavior Crime prevention Economic growth Economic policy Education Financial risk assessment Labor market analysis Market trends Public health Social mobility |
| Veröffentlichungsdatum: | 15.05.2024 |
| EAN: | 9783384228604 |
| Sprache: | Englisch |
| Seitenzahl: | 154 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | tredition |
Produktinformationen "Big Data: The New Frontier for Economic and Social Insights"
The age of big data is transforming how we perceive economies. Unlike traditional, lagging indicators, big data offers a real-time pulse. From search engine trends to social media buzz and online transactions, this digital exhaust paints a detailed picture of consumer behavior, industry shifts, and regional variations. Economists can now: •Forecast with greater accuracy: By analyzing vast datasets, economists can identify early warning signs of economic booms or busts. •Target policy effectively: Real-time insights allow policymakers to tailor interventions to specific economic needs. •Uncover hidden patterns: Big data allows for the analysis of complex relationships, revealing previously unseen economic forces. However, big data isn't a silver bullet. Data privacy concerns and the need for sophisticated analytical tools remain hurdles. Yet, by harnessing its power, we can build a more responsive and data-driven economic future.
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