Statistical Data Analysis in the Era of Big Data †

Abstract: Big data is on everyone's lips and often raises emotions. On the one hand, the notion is a basis for much technological optimism, mostly directed towards new business models, or simplifications and optimizations in professional and private life. On the other hand, it is a basis for dystopic perspectives, which are targeted, e.g., at profiling of the individual and their privacy space, overarching optimization in daily life and intransparency of decision making. In this article, after a short historical prolog, it is discussed what distinguishes big data from traditional data analysis. The underlying mathematical methods are introduced and scientific successes are reported. Additionally, the risks and limits – especially regarding the derivation of causal relationships – of data analysis are discussed.

Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource
Language
Englisch

Bibliographic citation
Statistical Data Analysis in the Era of Big Data † ; volume:92 ; number:7 ; year:2020 ; pages:831-841 ; extent:11
Chemie - Ingenieur - Technik ; 92, Heft 7 (2020), 831-841 (gesamt 11)

Creator
Lengauer, Thomas

DOI
10.1002/cite.202000024
URN
urn:nbn:de:101:1-2022070509171815992602
Rights
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
15.08.2025, 7:36 AM CEST

Data provider

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Associated

  • Lengauer, Thomas

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