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From social data mining to forecasting socio-economic crises.

D Helbing1,2, S Balietti1

  • 11ETH Zurich, CLU, Clausiusstr. 50, 8092 Zurich, Switzerland.

The European Physical Journal. Special Topics
|March 28, 2020
PubMed
Summary

This white paper outlines strategies for advancing social and economic systems knowledge through data mining and computational social science centers. It also proposes ethical standards for data handling and crisis forecasting.

Keywords:
Computational Social ScienceElectronic Frontier FoundationEuropean Physical Journal Special TopicReality MiningRecommender System

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Area of Science:

  • Computational Social Science
  • Socioeconomics
  • Data Science

Background:

  • Increasing need for objective knowledge in social and economic systems.
  • Growing volume of anonymized social and economic data available for analysis.
  • Lack of established frameworks for large-scale data mining in these fields.

Purpose of the Study:

  • To develop strategies for enhancing objective knowledge of social and economic systems.
  • To define requirements for efficient, large-scale scientific data mining of anonymized data.
  • To propose frameworks for establishing computational social science and risk analysis centers.
  • To elaborate ethical standards for social and economic data management.

Main Methods:

  • Literature review and synthesis of current practices in data science and social sciences.
  • Expert consultation and consensus-building within the EU Support Action "Visioneer".
  • Development of strategic roadmaps and ethical guidelines.

Main Results:

  • Strategies for rapid knowledge acquisition in social and economic systems.
  • Requirements for effective scientific data mining of anonymized datasets.
  • Frameworks for establishing centers for computational social science and risk analysis.
  • Comprehensive ethical standards for data lifecycle management.

Conclusions:

  • The white paper provides a strategic blueprint for advancing computational social science.
  • Implementation of proposed strategies will enhance data-driven insights into socio-economic phenomena.
  • Adherence to ethical standards is crucial for responsible research and application.