Preventing Global Crisis through Data
The sophisticated civilizations of today do not have the answers to the major problems that have been created over the years such as volatility in the financial market, climate change, lack of energy supply, epidemics, etc. Nonetheless, experts believe that a positive approach to the social, technical, economical, political, and geographical information can help monitor the growth as well as eliminate these man-made disasters in the future.
Researchers and academics alike can leverage big data and analytics technology to understand rules and regulatory impact on businesses and people. These technologies will enable predictive analysis to determine the impact of each political and economical decision might have on a possible disaster. Data will also help companies and households prepare for catastrophes. Governments can leverage these insights to create contingency plans to minimize the harmful and negative effects on the citizens during an emergency.
AI, machine learning, and deep neural networking are being implemented by environmental lobbyists, corporations, and governments to map out the source of problems through real-time insights on data from various trusted sources as well as the accounts of victims. The insights will eliminate human errors and negligence as well as help introduce effective solutions to prevent disasters.
Given the market demand for sustainable and environment-friendly products and services, the available data has helped researchers build simulation and behavioral models, as well as regulatory structures to determine the market dynamics during a difficult scenario. Even though the civilization is at fault to create the problems that might lead to grave disasters, it is also utilizing various technological resources to prevent a global crisis.