SFB649DP2017 010
Data Science & Digital Society
Cathy Yi-Hsuan Chen
Wolfgang Karl Härdle
Abstract:
Data Science looks at raw numbers and informational objects created by different
disciplines. The Digital Society creates information and numbers from many scientific
disciplines. The amassment of data though makes is hard to Hind structures and
requires a skill full analysis of this massive raw material. The thoughts presented here
on DS2 - Data Science & Digital Society analyze these challenges and offers ways to
handle the questions arising in this evolving context. We propose three levels of
analysis and lay out how one can react to the challenges that come about. Concrete
examples concern Credit default swaps, Dynamic Topic modeling, Crypto currencies
and above all the quantitative analysis of real data in a DS2 context.
Keywords:
Data Science, Digital Society, social networks, herding, sentiments
JEL Classification: