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fastcompany:

How The UN’s New Data Lab In Indonesia Uses Twitter To Preempt Disaster

Predictive disaster relief is the goal, says Robert Kirkpatrick, Director of the UN’s Global Pulse initiative, and Twitter data may be the key. The program uses social network analysis to study living conditions throughout the world and preempt crises. “We found that a combination of food words and mood state was able to predict the consumer price index several weeks ahead,” says Kirkpatrick.

Read the full article from our new section Co.Labs here.

This is very interesting. There is a direct correlation between twitter and business trends. Perhaps in the future a company can use this information to identify trends on specific goods, from region to region and adapt to what the trends suggest.

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    How The UN’s New Data Lab In Indonesia Uses Twitter To Preempt Disaster via fastcompany Predictive disaster relief is...
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  14. biznisense reblogged this from fastcompany and added:
    This is very interesting. There is a direct correlation between twitter and business trends. Perhaps in the future a...
  15. tuanbuis reblogged this from fastcompany
  16. kimgeralds reblogged this from fastcompany and added:
    Brilliant use of data for forecasting
  17. allenburt reblogged this from fastcompany and added:
    I’m reblogging this from Fast Company - fascinating use of twitter to predict food price fluctuations and head off...
  18. thechronicleofshe reblogged this from fastcompany and added:
    This is genius.
  19. fastcompany posted this