A new type of software has been shown to predict revolutions by mining news reports around the world. Retrospectively mining the news for the past 30 years the software indicates points at which the likelihood for a revolution is high. When put to the test – bingo! – the software showed spikes just before the recent Egyptian and Libyan upheavals. It was also able to sift through world news to retrospectively pinpoint Osama Bin Ladin’s location to within 200 km. In the emerging science of ‘culturomics’ that tracks cultural trends through the written word, the software was the first to demonstrate that news coverage can be used to predict future events.
I’ve been wanting to use something like this to predict the stock market. I was thinking I was going to have to write the program myself, but if I can pirate and reconfigure this one, I think I may be onto something.