Big data in central banks 2020–21 report: shifting to centre stage

Data governance appears to be improving and central banks are embracing cloud technology

The past year has been a particularly remarkable one for big data. The first wave of the coronavirus crisis peaked in many countries in March 2020, coinciding with intense volatility in markets. Trading conditions went from placid to dysfunctional in the space of a few days – so quickly that headline statistics didn’t even register the change at the moment central banks were forced into action.

The results from Central Banking’s fifth annual big data survey show that most central banks have

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