Big data in central banks focus report 2017
The second Central Banking journal focus report on big data expands on the original study from 2016, assessing how challenges have evolved in the past year
The updated survey of big data use among central banks reveals how central banks are increasingly treating big data as an input into policymaking, as well as a pioneering area of economic research. Data governance is a major issue that many are grappling with. Other articles include an interview with the European Central Bank’s Per Nymand-Andersen, a feature on machine learning, a roundtable discussion – and more.
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The rapid evolution of data
As big data enters the mainstream, it is critical to understand how it can transform our thinking, but also to be realistic about its shortcomings and biases
Making the most of big data
Per Nymand-Andersen, adviser to senior management at the European Central Bank, discusses how central banks can benefit from embracing big data and what this could mean for the industry in the near future.
Big data in central banks: 2017 survey
As an active area for new projects, big data is becoming a fixture in policymaking, with an increasing number of central banks carving out a budget for data handling, writes Emma Glass.
