Center for Analysis Decisions and Society #CADS
CADS is founded on the assumption that big data “don’t speak” if they are not properly interrogated through original combinations of advanced analytical tools, computing power, technical expertise, and domain-specific knowledge. To this end, CADS will develop original research at the intersection of computer science, mathematics, statistics, artificial intelligence, and socioeconomic sciences, endowing HT with advanced data handling tools and analytics.
The multidisciplinary environment of the center will sustain a unique effort to develop innovative models and analytical solutions for the analysis of big and high dimensional data in the study of socio-economic systems. To this purpose, CADS aims at combining domain-specific knowledge in economics and management sciences with new analytic platforms and statistical indicators and methods. That is functional to analyze the state of the economy and society and to inform investment decisions and policies in fields such as research and innovation, to survey industrial and financial systems, and to examine the state of the economy, welfare, fiscal policy, public services and health care provision.
A key overarching challenge addressed is how to leverage the massive increase in the availability of data on individual, economic and social behavior to inform, evaluate, and improve decisions and policies. Data from multiple heterogeneous sources at different time frequencies will be merged to study several key features of the national economy and the impact of policy decisions on an unprecedented scale, speed, and resolution. For that purpose, CADS aims at applying a variety of advanced techniques ranging from complex system methodologies, machine learning and data mining tools to econometrics approaches. To achieve this ambitious goal, CADS will rely on the shared Facility F3 for Data Storage and High-Perfomance Computing.
The CADS will be jointly run by Politecnico of Milan in collaboration with the Minister of Economy and Finance (Decisions and Policies) and will rely on the shared Facility F3 for Data Storage and High-Perfomance Computing.