Announcement
Generating and processing a wide variety and diverse forms of electronic data is essential to modern day business operations, but not all of the data generated is necessarily used effectively. Many companies delete much of their data at the end of the business day. In part, this may be due to a lack of adequate data storage facilities, but the major reason is that the sheer volume of data accumulated is so large that most companies cannot figure out how to put it to use.
The purpose of this symposium is to encourage the effective utilization of such high-volume business data by introducing examples of its use in the field of econophysics and discussing how to construct effective institutional frameworks for surveying and analyzing data.
The symposium will have three feature presentations: (1) an analysis of the characteristics of economic networks using data on business partnerships and capital alliances; (2) an analysis of fluctuations in asset prices using transaction-by-transaction data (or tick-by-tick data) on foreign exchange rates and stock prices; and (3) an analysis of fluctuations in retail prices and sales volumes using data such as point-of-sales data on retail transactions.
The presentations will be followed by a panel discussion based on the three analyses and focusing on questions such as the following: (1) What types of business data seem most suited for use? In particular, what problems related to the current financial crisis and economic recession can be dealt with by applying these analytical methods to business data? (2) What sort of institutional frameworks are necessary to ensure ongoing accumulation of business data? (3) How should we look at the relationship between business data and government statistics? In addition to academic researchers who conduct analyses using business data, our panel discussion will also include a corporate manager and a compiler of government statistics to provide greater perspective from the public and private sectors.
Information
- Time and Date: 14:00-18:30; Thursday, March 5, 2009
- Venue: Star Hall, Josui Kaikan
2-1-1 Hitotsubashi, Chiyoda-ku, Tokyo - Language: Japanese/English (with simultaneous interpretation)
- Charge: ¥2,000 (an official receipt will be issued)
(Students ¥1,000; please present your student ID at the reception desk.)
Note: Registration fees will be waived for ticketholders to the APFA7 & Tokyo Tech - Hitotsubashi Interdisciplinary Conference - Host: Research Institute of Economy, Trade and Industry (RIETI)
- Supporting Organizations: Tokyo Institute of Technology, Hitotsubashi University
- Contact: RIETI, (Ms.) Tomoko KASE
Tel: 03-3501-8398 Fax: 03-3501-8416
An associated event
APFA7 & Tokyo Tech - Hitotsubashi Interdisciplinary Conference "New Approaches to the Analysis of Large-Scale Business and Economic Data" (Hosts: Tokyo Institute of Technology, Hitotsubashi University; Supporting Organization: RIETI)
* For information on the associated event, please see its official site .
Streaming video footage and handouts pertaining to the symposium will be available for download from the RIETI website after the event. For information on RIETI's privacy policy and use of images and videos obtained from REITI symposiums, please visit the RIETI website at http://www.rieti.go.jp/en/privacy/portrait_right.html .
Agenda
14:00 - 14:05 Opening Remarks
FUJITA Masahisa (President and Chief Research Officer, RIETI / Professor, Konan University / Adjunct Professor, Institute of Economic Research, Kyoto University)
14:05 - 14:15 Aims of the Symposium
WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research and Research Center for Price Dynamics, Hitotsubashi University)
14:15 - 16:10 Keynote Speech
14:15 - 14:45 "Frontier of Network Science: From the topology of the WWW to the business web"
Albert-László BARABÁSI (Professor, Department of Physics, Northeastern University)
14:45 - 15:15 "Information Spirals in Social Network Dynamics for Large Internet Databases: YouTube, Open Source Softwares, Cyber-risks, Financial Markets"
Didier SORNETTE (Professor, Department of Management, Technology and Economics, ETH Zürich)
15:15 - 15:45 "Human Behavior in Marketing"
TAKAYASU Misako (Associate Professor, Department of Computational Intelligence & Systems, Science Interdisciplinary Graduate School of Science & Engineering, Tokyo Institute of Technology)
15:45 - 16:10 Q&A
Co-chair: TAKAYASU Hideki (Senior Researcher, Sony Computer Science Laboratories, Inc.)
Co-chair: WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research and Research Center for Price Dynamics, Hitotsubashi University)
16:10 - 16:25 Coffee Break
16:25 - 18:25 Panel Discussion "How to Use Large-Scale Business Data"
Chair: WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research and Research Center for Price Dynamics, Hitotsubashi University)
Panelists (Alphabetical order)
DEGUCHI Hiroshi (Professor, Department of Computational Intelligence & Systems Science Interdisciplinary Graduate School of Science and Engineering Tokyo Institute of Technology)
IWATA Kazumasa (President, Economic and Social Research Institute [ESRI], Cabinet Office, Government of Japan)
MATSUMOTO Oki (President & CEO, Monex Group, Inc.)
Didier SORNETTE (Professor, Department of Management, Technology and Economics, ETH Zürich)
H. Eugene STANLEY (Professor, Department of Physics, Center for Polymer Studies, Boston University)
18:15 - 18:25 Q&A
18:25 - 18:30 Closing Remarks
OIKAWA Kozo (Chairman, RIETI)
18:30 - 20:00 Reception and Closing Ceremony of "APFA7 & Tokyo Tech - Hitotsubashi Interdisciplinary Conference"
*Agenda is subject to change
