Name Relating Tweets to Inflation
Source UN Global Pulse
Hyperlink to Source http://www.unglobalpulse.org/social-media-social-protection-indonesia
Description A project monitoring Twitter conversations to understand how conversation volume trends relate to world events, here food and fuel price inflation. The objective of this research project was to monitor Twitter conversations in Indonesia to understand how conversation volume trends relate to world events. In particular, this project monitored food-price related tweets between January 2011 and December 2012 to see if variations in their volumes could be connected with food and fuel price inflation.The initial research results showed that around the same time when these real-world events occurred, conversations related to food prices also spiked dramatically among Indonesian Twitter users, illustrating the potential value of employing regular social media analysis for early warning and impact monitoring.
Long description
Lead Institution UN Global Pulse
Logo of lead Institution Logo institution
Partners Indonesian Ministry for Development Planning; Crimson Hexagon
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Info link http://www.unglobalpulse.org/social-media-social-protection-indonesia
Implementation link
Case study link http://www.unglobalpulse.org/social-media-social-protection-indonesia
Video embed code or link to video page
Type Knowledge
Potential for reuse High
Part of the innovation having potential to be reused Exploring the use of twitter for forecasting
Open source No
Open Source URL
Data Input Formats
Data Output Formats
Maintenance Requirements
Plug & Play No
Outputs compatible with indicators from Official Statistics No
Status Pilot
Country use cases
Target Groups
Other Government Agencies
Civil Society Organizations
Private Sector
Sectors where the innovation can be applied
  • Economy & Growth
  • ,
  • Energy & Mining
  • ,
  • Urban Development
  • Areas of technological innovation
  • Real Time Data
  • ,
  • Social Media Data
  • Areas of management practice innovations
    Use of Alternative Data Sources
    Private-Public Partnerships
    Areas of institutional process innovations
    Digital Activism
    Framework
    Non-Official Statistics
    Case Study URL with Public Sector Participation http://www.unglobalpulse.org/sites/default/files/Global-Pulse-Mining-Indonesian-Tweets-Food-Price-Crises%20copy.pdf
    Case Study Description The objective of this research project of the Pulse Lab Jakarta, the Indonesian Ministry for Development Planning and Crimson Hexagon was to monitor Twitter conversations in Indonesia to understand how conversation volume trends relate to world events. In particular, this project monitored food-price related tweets between January 2011 and December 2012 to see if variations in their volumes could be connected with food and fuel price inflation.
    Picture describing Case Study Logo institution
    Good practices displayed Yes
    Created On 2014-04-12
    Updated On 2014-04-12
    Status Published
    Framework
    Manage consumers
    Build




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