It is estimated that about 90% of the currently available data have been produced over the last two years. Of these, only 0.5% is effectively analysed and used. However, this data can be a great wealth, the oil of 21st century, when analysed with the right approach. In this article, we illustrate some specificities of these data and the great interest that they can represent in many fields. Then we consider some challenges to statistical analysis that emerge from their analysis, suggesting some strategies.
Statistics in the Big Data era / DI CIACCIO, Agostino; Giorgi, Giovanni Maria. - In: RIVISTA ITALIANA DI ECONOMIA, DEMOGRAFIA E STATISTICA. - ISSN 0035-6832. - STAMPA. - VOLUME LXX:n. 4(2016), pp. 5-24.
Statistics in the Big Data era
DI CIACCIO, AGOSTINO;GIORGI, Giovanni Maria
2016
Abstract
It is estimated that about 90% of the currently available data have been produced over the last two years. Of these, only 0.5% is effectively analysed and used. However, this data can be a great wealth, the oil of 21st century, when analysed with the right approach. In this article, we illustrate some specificities of these data and the great interest that they can represent in many fields. Then we consider some challenges to statistical analysis that emerge from their analysis, suggesting some strategies.| File | Dimensione | Formato | |
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