Big Data Analytics for Economics and the Sciences

Organizations, industry and science increasingly rely on data-based decisions, whereas data itself is growing in volume and variety.
Exact, large-scale and time-sensitive data can be harnessed for the progress in organizations, but these massive amounts of data require both new technical approaches in quantitative and qualitative analytics as well as new processing skills. This transformation will be accompanied by Big Data Analytics for Economics and the Sciences. We aim to develop a center on big data research and offer transdisciplinary teaching.
Research Projects
Development of High-Performance Display Systems (R. Pajarola)
To meet the need to analyze and explore expansive data collections, visualization is a key element. While computers better process and analyze data numerically, the human mind has a far better capability to visually recognize patterns, clusters and spatial relations. One of the growth areas in visualization is certainly the bio-medical field, where three-dimensional images ought to be displayed at the cellular resolution level. This requires novel high-performance and high-resolution display systems. Our research tackles the challenge of how to exploit high-performance computing resources to generate high-resolution imagery at interactive rates, shared on a variety of display systems, ranging from virtual-reality installations down to handheld ubiquitous devices.Crowdsourcing markets like Amazon’s Mechanical Turk have grown immensely in recent years. Yet, the allocation and pricing of workers in these markets is still very simple, as most markets only offer a fixed-priced wage per task. These simple market mechanisms.
Further research projects
- DIVA - Data Intensive Visualization and Analysis (R. Pajarola)
- ViSTA-TV (A. Bernstein)
- Tameus (M. Böhlen)
- SOSYA - Systems of Systems Analysis of Software Data (H. Gall)
- Signal/Collect (A. Bernstein)
- Distributed Parallel Rendering Services (R. Pajarola)
- Analysis and Visualization of Large-Scale Stock Correlation Networks (D. Hu)
- SIMPOL - Financial Systems Simulation and Policy Modelling (S. Battiston)
Connections to courses
Students interested in how knowledge gained from massive data sets can transform and accelerate business development, industry production and scientific research will find this topic to be the right focus of their studies. A number of courses and projects related to large data management, efficient processing and analysis as well as interactive visualization are offered at the Bachelor’s and Master’s level to interested students. The following list provides examples of courses particularly related to our topic.
List of courses
More detailed information on each module can be found by copying the 8-digit code into the search field of the University’s course catalogue.
Bachelor's level
Datenbanksysteme | BINF2160 |
Praktikum Datenbanksysteme | BINFPR01 |
Seminar: Database Systems | BINFS133 |
Seminar: Graphics and Multimedia | BINFS130 |
Marketing and Social Networks | BOEC0326 |
Introduction to Data-Driven Marketing | BOEC0320 |
Master's level
Distributed Systems | MINF4211 |
Database Management and Performance Tuning | MINF4537 |
Data Mining zur Wissensgewinnung aus Datenbanken | MINF4230 |
Mainframe & Parallel Programming | MINF4528 |
Practical Artificial Intelligence | MINF4529 |
Business Network Analysis & Applications | MINF4533 |
Market Research: Multivariate Methods | MOEC0151 |
Time Series Analysis | MOEC0028 |
Advanced Statistics | MOEC0303 |
Case Studies in Management Science: Stochastic Models | MOEC0155 |
Empirical Methods for Business Administration | MOEC0380 |
Computational Economics and Finance | MFOEC167 |
Optimierungsmethoden | MOEC0145 |
Doctoral level
Business Analytics and Big Data | DOEC0464 |
PhD Seminar in Quantitative Market Research | DOEC0384 |
Faculty members involved
The following Faculty members research and/or teach in Big Data Analytics for Economics and the Sciences.
Department of Informatics (IFI)
Prof. Dr. Alberto Bacchelli
Prof. Abraham Bernstein, PhD
Prof. Dr. Michael Böhlen
Prof. Dr. Thomas Fritz
Prof. Dr. Harald Gall
Prof. Dr. Renato Pajarola (main contact for topic)
Prof. Dr. Sven Seuken
Department of Economics (IVW)
Prof. Dr. Damian Kozbur
Prof. Michael Wolf, PhD
Department of Business Administration (IBW)
Prof. Dr. René Algesheimer
Prof. Dr. Christiane Barz
Prof. Dr. Ulrich Kaiser
Prof. Dr. Karl Schmedders
Department of Finance (IFF)
Prof. Dr. Stefano Battiston
Prof. Dr. Felix Kübler
Prof. Dr. Carmen Tanner