The European Union is all set to fund a 900 million-pound scheme to produce a computer system that could predict spread of diseases and impending financial meltdowns.
The Living Earth Simulator Project (LES), which has been backed by leading scientists, aims to "simulate everything" on the planet, using anything from tweets to government statistics to map out social trends and predict the next economic crisis.
Using vast reams of data fed into the Internet, trends can be spotted by analysing information with "the world's most powerful computers".
The man behind the idea has billed it as a "nervous system for the planet", while academics have backed it as a replacement for current outdated economic models.
"The idea is to gather live information from a huge range of sources and then analyse it using the world's most powerful computers," the Daily Mail quoted Dirk Helbing, one of the leaders of the project at the Swiss Federal Institute of Technology in Zurich as telling the Sunday Times.
"Many problems we have today – including social and economic instabilities, wars, disease spreading – are related to human behaviour, but there is apparently a serious lack of understanding regarding how society and the economy work," he said.
It would be filled with huge swathes of data, which would be assembled as-yet-unbuilt supercomputer hardware capable of data analysis on a mammoth scale.
The Living Earth Simulator Project (LES), which has been backed by leading scientists, aims to "simulate everything" on the planet, using anything from tweets to government statistics to map out social trends and predict the next economic crisis.
Using vast reams of data fed into the Internet, trends can be spotted by analysing information with "the world's most powerful computers".
The man behind the idea has billed it as a "nervous system for the planet", while academics have backed it as a replacement for current outdated economic models.
"The idea is to gather live information from a huge range of sources and then analyse it using the world's most powerful computers," the Daily Mail quoted Dirk Helbing, one of the leaders of the project at the Swiss Federal Institute of Technology in Zurich as telling the Sunday Times.
"Many problems we have today – including social and economic instabilities, wars, disease spreading – are related to human behaviour, but there is apparently a serious lack of understanding regarding how society and the economy work," he said.
It would be filled with huge swathes of data, which would be assembled as-yet-unbuilt supercomputer hardware capable of data analysis on a mammoth scale.
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