On predictability of rare events leveraging social media: a machine learning perspective

Information extracted from social media streams has been leveraged to forecast the outcome of a large number of real-world events, from political elections to stock market fluctuations. An increasing amount of studies demonstrates how the analysis of social media conversations provides cheap access to the wisdom of the crowd. However, extents and contexts in which such forecasting power can be effectively leveraged are still unverified at least in a systematic way. It is also unclear how social-media-based predictions compare to those based on alternative information sources. To address these issues, here we develop a machine learning framework that leverages social media streams to automatically identify and predict the outcomes of soccer matches. We focus in particular on matches in which at least one of the possible outcomes is deemed as highly unlikely by professional bookmakers. We argue that sport events offer a systematic approach for testing the predictive power of social media, and allow to compare such power against the rigorous baselines set by external sources. Despite such strict baselines, our framework yields above 8% marginal profit when used to inform simple betting strategies. The system is based on real-time sentiment analysis and exploits data collected immediately before the games, allowing for informed bets. We discuss the rationale behind our approach, describe the learning framework, its prediction performance and the return it provides as compared to a set of betting strategies. To test our framework we use both historical Twitter data from the 2014 FIFA World Cup games, and real-time Twitter data collected by monitoring the conversations about all soccer matches of four major European tournaments (FA Premier League, Serie A, La Liga, and Bundesliga), and the 2014 UEFA Champions League, during the period between Oct. 25th 2014 and Nov. 26th 2014.Comment: 10 pages, 10 tables, 8 figure

Big data analytics:Computational intelligence techniques and application areas

Big Data has significant impact in developing functional smart cities and supporting modern societies. In this paper, we investigate the importance of Big Data in modern life and economy, and discuss challenges arising from Big Data utilization. Different computational intelligence techniques have been considered as tools for Big Data analytics. We also explore the powerful combination of Big Data and Computational Intelligence (CI) and identify a number of areas, where novel applications in real world smart city problems can be developed by utilizing these powerful tools and techniques. We present a case study for intelligent transportation in the context of a smart city, and a novel data modelling methodology based on a biologically inspired universal generative modelling approach called Hierarchical Spatial-Temporal State Machine (HSTSM). We further discuss various implications of policy, protection, valuation and commercialization related to Big Data, its applications and deployment

Artificial intelligence in the cyber domain: Offense and defense

Artificial intelligence techniques have grown rapidly in recent years, and their applications in practice can be seen in many fields, ranging from facial recognition to image analysis. In the cybersecurity domain, AI-based techniques can provide better cyber defense tools and help adversaries improve methods of attack. However, malicious actors are aware of the new prospects too and will probably attempt to use them for nefarious purposes. This survey paper aims at providing an overview of how artificial intelligence can be used in the context of cybersecurity in both offense and defense.Web of Science123art. no. 41

Reconciling Big Data and Thick Data to Advance the New Urban Science and Smart City Governance

Amid growing enthusiasm for a ”new urban science” and ”smart city” approaches to urban management, ”big data” is expected to create radical new opportunities for urban research and practice. Meanwhile, anthropologists, sociologists, and human geographers, among others, generate highly contextualized and nuanced data, sometimes referred to as ‘thick data,’ that can potentially complement, refine and calibrate big data analytics while generating new interpretations of the city through diverse forms of reasoning. While researchers in a range of fields have begun to consider such questions, scholars of urban affairs have not yet engaged in these discussions. The article explores how ethnographic research could be reconciled with big data-driven inquiry into urban phenomena. We orient our critical reflections around an illustrative example: road safety in Mexico City. We argue that big and thick data can be reconciled in and through three stages of the research process: research formulation, data collection and analysis, and research output and knowledge representation

On the influence of social bots in online protests. Preliminary findings of a Mexican case study

Social bots can affect online communication among humans. We study this phenomenon by focusing on #YaMeCanse, the most active protest hashtag in the history of Twitter in Mexico. Accounts using the hashtag are classified using the BotOrNot bot detection tool. Our preliminary analysis suggests that bots played a critical role in disrupting online communication about the protest movement.Comment: 10 page