This post is to share with you the recent publication of the book: "Data Science for Economics and Finance: Methodologies and Applications", by Sergio Consoli, Diego Reforgiato Recupero, and Michaela Saisana. The use of data science and artificial intelligence for economics and finance is providing benefits for scientists, professionals and policy-makers by improving the available data analysis methodologies for economic forecasting and therefore making our societies better prepared for the challenges of tomorrow. This book is a good example of how combining expertise from the European Commission, universities in the U.S. and Europe, financial and economic institutions, and multilateral organizations, can bring forward a shared vision on the benefits of data science applied to economics and finance; from the research point of view to the evaluation of policies on the other hand. It showcases how data science is reshaping the business sector. It includes examples of novel big data sources and some successful applications on the use of advanced machine learning, natural language processing, networks analysis, and time series analysis and forecasting, among others, in the economic and financial sectors.

This post is to share with you the recent publication of the book: "Data Science for Economics and Finance: Methodologies and Applications", by Sergio Consoli, Diego Reforgiato Recupero, and Michaela Saisana. The use of data science and artificial intelligence for economics and finance is providing benefits for scientists, professionals and policy-makers by improving the available data analysis methodologies for economic forecasting and therefore making our societies better prepared for the challenges of tomorrow. This book is a good example of how combining expertise from the European Commission, universities in the U.S. and Europe, financial and economic institutions, and multilateral organizations, can bring forward a shared vision on the benefits of data science applied to economics and finance; from the research point of view to the evaluation of policies on the other hand. It showcases how data science is reshaping the business sector. It includes examples of novel big data sources and some successful applications on the use of advanced machine learning, natural language processing, networks analysis, and time series analysis and forecasting, among others, in the economic and financial sectors. At the same time, the book is making an appeal for further adoption of these novel applications in the field of economics and finance so that they can reach their full potential and support policy-makers and the related stakeholders in the transformational recovery of our societies.

Sergio Consoli is a Senior Scientist within the Data Science department at Philips Research, Eindhoven, focusing on advancing automated analytical methods used to extract new knowledge from data for health-tech applications. He is author of several research publications in peer-reviewed international journals, edited books, and leading conferences in the fields of his work. Diego Reforgiato Recupero is Associate Professor at the Department of Mathematics and Computer Science of the University of Cagliari, Italy. His interests span from Semantic Web, graph theory and smart grid optimization to sentiment analysis, data mining, big data, machine and deep learning and natural language processing. He is also affiliated within the ISTC institute at the National Research Council (CNR) and co-founder of six ICT companies two of which are university spin-offs.

This paper presents an approach to expert-guided subgroup discovery. The main step of the subgroup discovery process, the induction of subgroup descriptions, is performed by a heuristic beam search algorithm, using a novel parametrized definition of rule quality which is analyzed in detail. The other important steps of the proposed subgroup discovery process are the detection of statistically significant properties of selected subgroups and subgroup visualization: statistically significant properties are used to enrich the descriptions of induced subgroups, while the visualization shows subgroup properties in the form of distributions of the numbers of examples in the subgroups. The approach is illustrated by the results obtained for a medical problem of early detection of patient risk groups.