Social media as an agent of socio-economic change: analytics and applications
VALA2014 PLENARY SESSION 2
Indiana University School of Informatics and Computing, USA
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Billions of individuals are now participating in online social networking environments. The resulting social media streams provide crowd-sourced information on a range of psychological, social, economic, and political phenomena. In our work, we analyse large scale social media data to gauge and even predict a variety of socio-economic developments, including the stock market, consumer behaviour, elections, and even scientific impact. In my key note, I will provide an overview of the most exciting developments in this emerging field, and discuss how the power of the crowd may be leveraged to bring about fundamental social and economic changes.
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