Tag: GDP

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Big Data

How big data can change GDP calculation

Source: livemint.com With the digital makeover of the economy, which has allowed for transactions carried out by individuals and companies to be traced and recorded in real-time, traditional methods of collecting economic data, such as in-person surveys and interviews, run the risk of becoming outdated. Digital records of such transactions—whether online or brick and mortar—at a Read More

Artificial Intelligence

Google is throwing its weight behind artificial intelligence for Africa

Source – qz.com Africa’s nascent artificial intelligence sector just got its biggest boost from Google which is opening its first Africa AI research center in Accra, Ghana’s capital. Though Accra has a vibrant tech industry, it would not have been the obvious location for many Africa tech watchers when compared with Nairobi or nearby Lagos where Google has already Read More

Big Data

RBI enters the exciting new world of Big Data analytics

Source – livemint.com In October 2015, even as a battle against high inflation was raging, a committee of economists advising the Reserve Bank of India (RBI) governor on monetary policy made an interesting observation that was lost amid the usual noisy debates about interest rates: “Moreover, there has been comfort on the inflation front—wholesale prices are Read More