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Gaining an Edge with Big Data

September 13, 2017

Mobile-phone and internet users leave behind increasingly detailed traces that are valuable to Big Data companies (photo: Ingram Publishing/Newscom).

Good data and statistics can help drive economies and are the basis for sound policy decisions in both private and public sectors. The advent of ‘big data’ poses opportunities for private companies and public institutions to better understand today`s economic and social trends. A new study by the IMF shows how big data can also provide valuable insight for economic and financial analysis. In this podcast, coauthor Diane Kostroch discusses the benefits and the challenges that come with big data.

Diane Kostroch, IMF economist, Statistics Department.