"Data Mining 3.0 – From Info to 'Collective Intelligence'"

From a Feature Article on the CORDIS Web Site:

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.

Read the Complete Article and Learn More About WeKnowIt
Direct to WeKnowIt Web Site
 

Filed under: Data Files, News, Patrons and Users