Use of centralised data services increases across institutions

Rise of central data teams has gone hand in hand with greater use of alternative data

Central banks appear to be making progress with a gradual incorporation of centralised data governance structures, to ameliorate the challenges faced by researchers. Even so, the Economics Benchmarks 2022 finds there is more work to be done.

This year, 12 (39%) of 31 institutions indicated that they have a central data service compared with 31% in the previous benchmark. This year’s finding was boosted by the eight (28%) of 29 banks that said their use of data has changed over the past 12

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