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Data science is like detective work for information. It uses scientific methods to collect, organize, and analyze data, uncovering useful patterns and insights. As a national hub of data sciences, Carleton University is deeply engaged in data research. With more than 170 data researchers, across five faculties and 26 departments, Carleton is addressing real-world issues including social movements, accessibility, finance, human behavior, and health and wellness.

On March 26, Carleton will host its 10th annual Data Day. Jointly hosted by the Faculty of Science and the Carleton University Institute for Data Science (CUIDS), Data Day is an annual conference that celebrates the latest developments in data science and analytics research.

Read how Carleton data science researchers are making an impact below.

Cryptocurrencies, such as Bitcoin and Ethereum, have garnered significant attention from the media due to their innovative technology and the potential for high returns on investment. However, this media attention can distort market perceptions, create instability, and increase the risk for investors.

Mohamed Al Guindy, a leading researcher in business and financial technology, is spearheading this research to shed light on the relationship between media attention and cryptocurrency price fluctuations.

Mohamed Al Guindy

Its crucial for investors to educate themselves on these issues prior to delving into the unknown. I think this is especially important at a time when there is so much hype, and so little fundamental or useful information, Al Guindy explains.

Al Guindys research is motivated by the extensive media coverage of cryptocurrencies, particularly Bitcoin, and its potential impact on investor behavior. By analyzing tens of millions of tweets, he has found that heightened media coverage and investor attention may contribute to greater price volatility (instability), posing challenges for small investors in the cryptocurrency market.

It might appear easy to follow the crowd and jump on the bandwagon, but that may not be the most optimal choice, Al Guindy says.

Al Guindys work is paving the way for informed decision-making in the cryptocurrency market.

I believe that many of the emerging and most important research questions in business and finance can be addressed using data science and big data.

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Data Science at Carleton: Researchers Use Big Data to Address Real-World Issues - Carleton Newsroom