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For example, available financial data sources include stock prices, currency and derivative trades, transaction records, high-frequency trades, unstructured news and texts, consumers' confidence and business sentiments buried in social media and internet, among others. For example, scientific advances are becoming more and more data-driven and researchers will more and more think of themselves as consumers of data. The availability of massive datasets sheds light towards new scientific discoveries.
This trend will have deep impact on science, engineering, and business. Big Data, massive data, high dimensional data, noise accumulation, spurious correlation, incidental endogeneity, data storage, scalability, massively parallel data processing, large-scale optimization, random projection 1 Introduction Big Data promise new levels of scientific discovery and economic value. This produces massive amount of data and enables addressing topics in the humanities, such as mapping the transportation system in ancient Roman, visualizing the economic connections of ancient China, studying how natural languages evolve over time, or analyzing historical events.
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