"Data Mining 3.0 – From Info to 'Collective Intelligence'"
An EU-funded project has developed a platform that converts vast user-generated content from a problem of information overload into a new, collective intelligence with a range of applications, from handling emergencies to enhanced city tourism. The project has filed for several patents and a handful of products and results are destined for public or commercial release. Is this the beginning of data mining 3.0?
Information and knowledge are increasing at great speed. Our capacity to store, transmit and compute information has grown at an annual rate of 23 % since 1986. By 2007, the average internet user transmitted about six newspapers worth of information every day, and received 174 newspapers of data, according to a study published in Science last February.
Social media sharing websites are also adding to the information load, hosting billions of images and videos, most of which have been annotated and shared among friends, or published in groups that cover a specific topic of interest.
Data is increasing at such a rate that it is outpacing our capacity to organise it. ‘It is easy for users and organisations to generate and share content, individually or within communities, thanks to advanced communication devices like laptops, tablets and smart phones,’ explains Yiannis Kompatsiaris, coordinator of the EU-funded project WeKnowIt.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.