twitter, #datascience and the art of #riskmonitoring

July 2016 was one of those months, which underlined how highly volatile and unpredictably cruel the world is. Terrorist attacks in Nice (France), were followed by an attempted coup d’etat in Turkey, an amok shooting in Munich and another violent terrorist attack in the small Bavarian city of Arnsberg. It’s not only those recent events, but the chain of events throughout the last years, which have led to increased security precautions in cities across Europe and the US. Terrorist attacks, as one-time heavy-impact events, do not fall into the realm of general prediction models. Nevertheless, the assessment of security threats has re-emerged at the top of the agenda of executives of governmental agencies and corporations alike. More than ever, they are looking into new innovative ways to leverage the bulk…

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