Toward an economic security monitoring infrastructure -- Joe Reisinger, Premise

Joseph Reisinger of Premise.com challenged DefragCon on the notion of infallible Big Data to understand non-tech data points, like macroeconomic and human development metrics. And thus a meme was born "Dividing by Bieber."

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  1. A standard econometric measure, food prices, can derive more meaning when combined with street level intelligence via crowdsourcing and machine-refined data.
  2. Reisinger ticked off his primary concerns in using Big Data in economics:
    1. Aggregation of social data doesn't currently scale
    2. Small data sets of dubious quality and high latency
    3. Flaky sample design
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