Skip to 0 minutes and 12 seconds Every single one of us is now generating huge amounts of data. Perhaps your smart phone rings, you check your email, you use your oyster card to travel to work, you buy some bread on the way home with your Nectar card. Every single one of these actions generates a record of what we’ve done. Big data means one very specific thing and this is how humans changed their behaviour by interacting with very large technological systems. The power of big data lies in the fact that history repeats itself. So what you did yesterday, you’ll often do tomorrow as well.
Skip to 0 minutes and 47 seconds And if you can process these huge data sets, then you can start identifying these repeating patterns and use that information to make better forecasts about what’s going to happen in the future.
Skip to 1 minute and 2 seconds During this 9 weeks course, we will showcase some very important areas like health, economics, transport, crime. And we can show you how we can access this data to process the information to visualise it and make decisions based on this. Tobias and I will also be working with you to help you gain some insight into the data that you can already get access to. And what some people don’t realise is that a lot of the top tools for doing this work are available free online. We will talk to leading exports and practitioners. And, of course, this is a MOOC. And so there’s going to be the discussion boards and thousands of other learners who you can interact with.
Skip to 1 minute and 48 seconds Big data is something which in this day and age none of us can afford not to understand. For us it’s just a gigantic ocean of information we can exploit in order to learn something about human behaviour. So Warwick Business School is really on the cutting edge of this new discipline. And we’re really excited about sharing these new insights with all of you.